1825 E Eighth Street Traverse City, MI 49686

Multi-Family (2-4 Units) MLS #: 1928452 Courtesy Of The Mitten Real Estate Group
310 W. Front Street, Ste. 411, Traverse City, MI 49685

$3,125,000

8,993 sq ft
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Estimated monthly payments: $13,660/mo.* (recalculate)

Property InformationDescription

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.

Features

  • Amenities: Dock
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Architecture Style: Other
  • Heating System: Forced Air
  • Lot Size: 1.22 Acres
  • Rooms: Basement

MAP & DIRECTIONS

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1825 E Eighth Street, Traverse City, MI 49686
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School Information

1825 E Eighth Street, Traverse City, MI 49686

Elementary School
Grades PK-7 | Public School
TCAPS MONTESSORI SCHOOL
Traverse City, MI 49684
1009 S Oak St
231.­933.6423
Distance: 2.2 mi
School Rating
A+
Student:Teacher Ratio
15:1
Total Students
269
Elementary School
Grades PK-5 | Public School
EASTERN ELEMENTARY SCHOOL
Traverse City, MI 49686
1600 Eastern Ave
231.­933.5603
Distance: 0.7 mi
School Rating
C-
Student:Teacher Ratio
16:1
Total Students
391
Middle School
Grades 6-8 | Public School
EAST MIDDLE SCHOOL
Traverse City, MI 49696
1776 3 Mile Rd N
231.­933.7304
Distance: 3.6 mi
School Rating
B-
Student:Teacher Ratio
23:1
Total Students
847
Middle School
Grades 8-12 | Public School
CENTRAL HIGH SCHOOL
Traverse City, MI 49686
1150 Milliken Dr
231.­933.6500
Distance: 0.7 mi
School Rating
A
Student:Teacher Ratio
24:1
Total Students
1461
High School
Grades 9-12 | Public School
TRAVERSE CITY HIGH SCHOOL
Traverse City, MI 49686
3962 3 Mile Rd N
231.­933.5862
Distance: 1.6 mi
School Rating
D-
Student:Teacher Ratio
16:1
Total Students
121
Other Nearby Schools Distance Type Grades School Rating
Tba Independent School District Oak Park Special Education 0.6 mi Public PK-12
Traverse Heights Elementary School 1.0 mi Public PK-5 D+
Tba Independent School District Traverse Heights 1.0 mi Public PK-12
Traverse Bay Mennonite School 1.1 mi Private 1-12
Tba Career Tech Center 1.3 mi Public 11-12
Life Skills Center 1.3 mi Public 9-12
Inmacule Conseption Elementary School 1.9 mi Private PK-5
Central Grade School 2.2 mi Public PK-5 B
Trinity Lutheran School 2.4 mi Private PK-8
New Campus Center 3.1 mi Public KG-12
The Greenspire School 3.2 mi Public 6-12 B-
Willow Hill Elementary School 3.2 mi Public PK-5 B+
Grand Traverse Academy 3.2 mi Public PK-12 A-
Cherry Knoll Elementary School 3.5 mi Public PK-5 C
St Elizabeth Ann Seton Middle School 3.6 mi Private 6-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Traverse City, MI 49686

Median Age: 46.4
Married: 50%
Number of Households: 10,655
Households with Children: 19.4%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.