About This Home
This 6-bedroom, 2-bathroom multi-family at 633 E Eighth in Traverse City, MI is listed for $350,000 ($245 per sqft). Built in 1891, the home offers 1,428 sqft of living space on a 0.09 acres lot.
Key Features
- Built in 1891
- 0.09 acre lot
- 2 stories
Property Details
Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom.
The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop.
D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location.
Monthly Cost Estimate
$1,872/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
633 E Eighth
Traverse City, MI 49686
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Pool Features
Appliances
Questions & Answers
This 6-bedroom, 2-bathroom multi-family at 633 E Eighth is listed at $350,000 ($245/sqft). The estimated monthly payment is $1,872 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1891, 0.09 acre lot, 2 stories. Interior Features: Fixer-Upper. Exterior Features: Deck, Sidewalk.
This property is listed by Stacy Allman and can be reached at 2319445296.