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4612 Us-31 N

Traverse City, MI 49686
  • $4,000,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1902748
UPDATED: 71 min ago
$4,000,000
  • 0
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,400
    SQFT
  • $323
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1994
County:

School Ratings & Info

Description

Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has it's own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-08-14T10:52:12.537.
www.housestraversecity.com/homes/131036022
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4612 Us-31 N Traverse City, MI 49686

  • Price: $4,000,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 71 min ago
  • MLS #: 1902748
0
Beds
0
Baths
0
½ Baths
0.84
Acres
12,400
SQFT
$323
$/SQFT
1994
Built
Neighborhood:
Gold Coast Inn
County:
Grand Traverse
Area:
Grand Traverse
School District:
Traverse City Area Public Schools
Property Description
Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has it's own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!
Exterior Features

Additional Buildings None Construction Frame Exterior Features BalconyBay ViewDeckGuttersPatio Exterior Finish Vinyl Siding Lot Dimensions Irregular Primary Garage Over 1 Space Per Unit Road ConcretePublic Maintained Roof Asphalt Water Features All SportsBay ViewGreat LakeWater View

Interior Features

Appliances Equipment All Units The SameOtherBlindsDrapes Fireplace And Stoves None Foundation Other Heating Cooling Type Ductless A/CForced Air Interior Features Solid Surface Counters

Property Features

Deeded Waterfront No Development Amenities Common Area Documents On File Other Heating Cooling Sources Natural Gas Included In Lease Not For Lease Lease Terms Not For Lease Listing Agreement Type Exclusive Right To Sell Mineral Rights Unknown Possession At Closing Property Type Other Section Number 9 Sewer Municipal Style 2+ Stories Terms 1031 ExchangeCashOther Township Acme Tv Service Internet Avail Cable InternetCable TvWifi Type Of Ownership Private Owner Univs Design Barrier Free ElevatorLow Threshold ShowerMain Floor AccessNo Steps Entry Water Private Well Year Remodeled 2021 Zoning Use Restrictions Commercial

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Homewaters, Llc: 877-820-1194.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-08-14T10:52:12.537.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684