119 E Eighth Street Unit 5, Traverse City, MI 49684

Property Description

Welcome to Ivy Terrace, in the heart of downtown Traverse City! This modern condo fits a wide array of lifestyles and uses... a primary residence for those seeking the ultimate low-maintenance lifestyle, or a second home with the ideal location for exploring the best of Traverse City, or a profitable short term rental. This condo had a nightly average rental rate of $313/night (May-September 2022 and 2023), while being marketed as a 2 person max rental (4 person rental is allowed). Enjoy the more spacious bedroom offered with the single bedroom layout, easily accommodating a king size bed (as compared to the 2 bed layout with much smaller bedrooms). The best restaurants & shops of downtown TC are within easy walking distance. Also nearby: Clinch Park & public beaches along West Bay, and the TART Trail. High end finishes throughout the unit including hardwood floors, granite counters & stainless steel appliances. There's plenty of room for two separate work-from-home areas, making it the ideal remote-work getaway for two professionals. The unit has been meticulously maintained and recent updates include new paint throughout the unit in 2021/2022, new carpeting in 2021 and routine cleaning/maintenance on all major appliances. Ivy Terrace stands out among other downtown condo developments with exterior access to the condos instead of interior access and the smaller size of the association (only 16 total units). This unit has an especially convenient location within the development, as it is located on the same level as the Old Town Parking Garage walkway/bridge, so no stairs required. Parking in Old Town Garage is $30/month per car. Three night minimum stay for rentals.