$1,500,000
$1,500,000
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1,000 SqFt
SOLD DATE : 07/10/2020
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,500
Subdivision Munson Place
MLS Listing ID 78001332777
Sold Date 07/10/20
Style Apartment
Originating Board Aspire North REALTORS®
Year Built 1986
Annual Tax Amount $14,315
Lot Size 0.790 Acres
Acres 0.79
Lot Dimensions 210x165
Property Description
Location, Location, Location! Munson Place Apartments - 12 unit complex. Amazing opportunity to own a multi-family complex in town. Each unit is approximately 1000 square feet with two bedrooms. The master suite has private 3/4 bath. The second bedroom has it's own full bath. Each unit has a galley kitchen, laundry/utility room, combination living/dining, private patio with large outside locked storage unit. One unit is completely remodeled. Currently eleven units are rented, one pending lease. All units have separate utilities hook ups (except water) which allow for easy conversion to condominiums. All units have new furnace and A/C (2017). Beautifully landscaped with rock beds allowing for easy care. One unit is fully renovated.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Porch Deck, Patio
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Apartment
Schools
School District Traverse City
Others
Pets Allowed Yes
Tax ID 285110104210
Ownership Private Owned
Acceptable Financing Cash, Trade/Exchange
Listing Terms Cash, Trade/Exchange
Financing Cash,Trade/Exchange
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