Bought with James Schmuckal • James A Schmuckal, REALTOR
$600,000
$599,900
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1611 Shannie Lane 2-8 Traverse City, MI 49686
4 Baths
979 SqFt
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 979 sqft
Price per Sqft $612
Subdivision Mi
MLS Listing ID 1865142
Sold Date 09/06/19
Lot Size 3.410 Acres
Acres 3.41
Lot Dimensions 270x353
Property Sub-Type Multi-Family
Property Description
7 outstanding rental or living units that are condominiumized and can be sold individually! Presently, each unit is rented. 4 well designed "townhome" plans with 2 bedrooms,1.5 baths and full basements. 2 ranch-style 1 bedroom units and 1- 2 bedroom ranch style unit.Very close to Traverse City, Cherry Capital Airport, Cherry Knoll Elementary, East Middle School, Grand Traverse Academy & Woodland Charter Schools. Close to VASA trails and inland lakes galore! Unique investment based on the abillity to sell each unit individually if owner chooses. Priced as a value @ less than $86,000. per unit! Must be purchased as a 7 unit package. Additional room for carports, garages, or a pole building!.Rent presently for all units is $6200/mth but a few are below market rate and one unit has reduced rent in exchange for "light" property mgt. duties.
Location
State MI
County Grand Traverse
Rooms
Basement Full, Crawl Space, Block
Interior
Interior Features Walk-In Closets, Laundry Hook-up, Island Kitchen, Pantry, Drywall
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature Countryside View, Patio
Roof Type Asphalt
Road Frontage Association, Blacktop, Privately Maintained, Privately Owned
Building
Water Shared Well
Structure Type Vinyl Siding
Schools
Elementary Schools Westwoods Elementary School
Middle Schools Traverse City East Middle School
High Schools Traverse City High School
School District Traverse City Area Public Schools
Others
Tax ID 03-723-006-00
Ownership Private Owner
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