526 E Eighth Street, Traverse City, MI 49686
- $463,500
- 3
- BA
- 2,346
- SqFt
- Sold Price
- $463,500
- List Price
- $497,500
- Closing Date
- Mar 13, 2024
- Days on Market
- 30
- Status
- SOLD CO-OP MEMBER
- MLS#
- 1918583
- Bathrooms
- 3
- Living Area
- 2,346
- Lot Size (Acres)
- 0.18
- Style
- Victorian
- Year Built
- 1896
Property Description
Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.
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Additional Information
- Building Name
- Hannah Lay & Co's 5th Add
- Stories
- 2
- Interior Features
- Drywall, High Speed Internet, Cable TV, DSL, WiFi
- Amenities
- None
- Flooring
- Hardwood
- Exterior Features
- Sidewalk
- Heating
- Baseboard, Natural Gas
- Water
- Public
- Sewer
- Public Sewer
- School District
- Traverse City Area Public Schools
Mortgage Calculator
Listing Courtesy of Coldwell Banker Schmidt-402. 231-922-2350
Selling Office: Key Realty One-TC.