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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Traverse City-GrandTraverse
MLS Listing ID 21103275
Sold Date 12/17/21
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1986
Annual Tax Amount $36,809
Tax Year 2021
Lot Size 0.790 Acres
Acres 0.79
Lot Dimensions 210 x 165
Property Description
Special place in the city--on quiet Munson Place just off Munson Ave, blocks from both the east and west bay beaches and Northwestern University. Close to downtown. This well maintained 12 unit apartment complex is easy to fill...Units rent within days! All units have 2 sizeable bedrooms and 2 full bathrooms! Provides solid income with room to increase. Each unit has its own forced air furnace and central A/c all new 4 years ago. Most of the units have been updated within the last year. Great opportunity for a live in owner/manager and/or investment income. Change in owners plans make this opportunity available to you---set up time to see it soon!
Location
State MI
County Grand Traverse County
Area Traverse City - T
Direction Us-31/M-72 Munson Ave to Munson place---apartments are first drive to the right
Rooms
Basement Slab
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway, Paved
View Y/N No
Roof Type Composition
Topography {Level=true}
Street Surface Paved
Handicap Access Accessible Kitchen, 36 Inch Entrance Doo, 36' or + Hallway, Accessible Bath Sink, Accessible M Flr Hal, Accessible Mn Flr Be, Accessible Mn Flr Fu, Grab Bar Mn Flr Bath, No Step Entrance
Total Parking Spaces 24
Building
Sewer Public Sewer
Structure Type Brick, Vinyl Siding
New Construction No
Schools
School District Traverse City
Others
Tax ID 285110104210
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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