1825 E Eighth Street Traverse City, MI 49686
Listing Courtesy of: MIREALSOURCE / The Mitten Real Estate Group

  1825 E Eighth Street Traverse City, MI 49686

Active (6 Days)

Description

11 Units that are short term rentable. Building has the one and only full rooftop common area with 4 hot tubs, turf area for outdoor games and partially covered as well. The building features a dog run and close proximity to both local and national chain food and coffee. Right around the corner is a grocery store for easy check ins. Guests on Airbnb have loved this building and the reviews on the already owned units speak highly of the rooftop and design. Listing price represents a fantastic group pricing discount, leaving investors with the upside of instant equity along with cash flow from the units. These units will come furnished with all appliances in place. Furnishings are included in the list price. This will allow investors the opportunity to instantly begin renting. If this is a 3-5 year hold the instant equity will create an even greater return at disposition. If this is a long term hold, the bonus depreciation (consult your accountant) will help any investor offset tax liability. No matter how you shake it, this is an amazing opportunity. Major events that add more upside. Airport expanding by nearly 3 times its current size. Horse Show continues to expand, and Traverse City keeps making national news for its beauty and charm.

MLS #:
80051890
Lot Size
1.22 acres
Type
Single-Family Home
Year Built
2023
School District
Traverse City Area Public Schools
County
Grand Traverse County
Community
Eastside One

Listed By

Sam Flamont, The Mitten Real Estate Group
Source
MIREALSOURCE
Last checked Oct 30 2024 at 12:32 PM GMT+0000
Bathroom Details
Interior Features
  • Washer
  • Refrigerator
  • Range/Oven
  • Microwave
  • Dryer
  • Dishwasher
  • Elevator/Lift
Subdivision
  • Eastside One
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Poured
Utility Information
  • Sewer: Public Sanitary
Location
   
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Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38