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Kathy Wilson
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(586) 840-0400
Direct Office:
(248) 646-6203
kwteam@
hwwbrealtors.com
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FOR SALE
$7,150,000
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1825 E Eighth Street
Traverse City, MI 49686

Multi-Family
Residence
1.22
Lot Size
Courtesy: Sam Flamont - The Mitten Real Estate Group231-421-1970; 

Description for 1825 E Eighth Street Traverse City, MI 49686

21 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.

Property Details

80017124
Multi-Family, Other
Grand Traverse
2023
1.22 Acres
Public Water
Other
Public Sanitary
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Courtesy: Sam Flamont - The Mitten Real Estate Group231-421-1970; 
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSourceby its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This content last refreshed on 5/19/2024 2:24 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Member of: Berkshire Hathaway HomeServices Kee Realty, (586) 840-0400
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Kathy Wilson

880 S. Old Woodward Avenue, Birmingham, MI 48009 | Phone: (248) 646-6203 | Email: kwteam@hwwbrealtors.com

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