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$439,900
2 Beds 2 Baths 1948727 MLS Traverse City BLDG.
A perfect gem in Traverse Heights! Ideal for an Up North pied-a-terre, downsizing, investment or just starting out! Built in 2019 and impeccably maintained, this move-in-ready ranch combines modern construction, island quartz countertop, luxury vinyl plank flooring, radiant in-floor heat, and an unbeatable in-town Traverse City location. Just minutes from downtown, Munson Medical Center, the TART Trail, beaches, shopping, dining, and everyday conveniences, it offers the Northern Michigan lifestyle you are seeking. The bright, open floor plan features 1,044 square feet of thoughtfully designed living space with a spacious island kitchen, pantry, two bedrooms and two full baths, including a private primary suite. Every space has been carefully planned for easy everyday living, while the heated attached two-car garage and storage shed provide exceptional convenience and storage. Unlike many homes in this price range, this 2019 built home offers the peace of mind, energy efficiency, and lower maintenance of newer construction, allowing you to spend less time on upkeep and more time enjoying Northern Michigan. Relax on the private patio, entertain with ease, or simply enjoy the comfort and privacy of single-family living with an easy-care lifestyle. Move-in ready. Exceptionally maintained. Ideally located. Opportunities to own a newer home in an established Traverse City neighborhood are rare - don't miss this turnkey property!

939 Grant Street, Traverse City

$420,000
2 Baths 1900720 MLS Traverse City BLDG.
She's not that pretty... but some of the best investments start out that way! If you have vision there is opportunity here... Perfect live-work opportunity! Under zoning ordinance it appears that you can truly create a mixed use property with living space on the upper floor and office/work space on the lower floor. The building was originally a model home for a custom home builder so most of the necessities for living in the space are already there. Ideal Opportunity! MORE GREAT NEWS!! Your business could be based out of this high visibility location (traffic count = 13360 vehicles/day on average)! If you can't use all of the space rent it out and offset your business expenses...or invest in the building. When building is fully utilized as a rental with qualified tenants it will make a tidy profit. The property consists of appx. 7759 square feet Gross Building Area (GBA). There are 2 buildings on the property- an office building consisting of approximately 4559 Square Feet and a light industrial building with appx. 3200 total rentable square feet in 2 units. The light industrial building has propane heat in one unit and that unit also has a large mezzanine. All of this on 1.38 Acres. Potential/Pro-forma rate of capitalization= 9.9% Pro-forma ROI without Appreciation = ~24.01% and with modest appreciation of 1.5% annual over 30% ROI May be potential for value - add by adding additional pole-barn type structures to the lot and offering them for rent or renting space on the lot for shrink wrapped boats or?

2464 S M-37, Traverse City

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