Traverse City, MI 49686,450 Michigan Avenue

$550,000

$525,000

4.8%
Est.Price: ?

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Est. payment /mo

3 Beds

2.5 Baths

1,728 SqFt


SOLD DATE : 06/27/2024

Key Details

Sold Price $550,000

Property Type Condo

Sub Type Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,728 sqft

Price per Sqft $318

Subdivision Walnut Grove

MLS Listing ID 78080046726

Sold Date 06/27/24

Style Townhouse

Bedrooms 3

Full Baths 2

Half Baths 1

Construction Status Site Condo

HOA Fees $151/mo

HOA Y/N yes

Originating Board Aspire North REALTORS®

Year Built 2016

Annual Tax Amount $9,438

Property Description

This stunning stand-alone townhouse, nestled in the heart of the city, offers a rare blend of urban convenience, comfortable living space, and investment opportunities as it sits within commercial zoning. An added bonus, the property is being sold fully furnished with just a handful of exceptions. Built in 2016, this townhouse is three-bedrooms and 2.5-baths. Step inside to discover the ground level garage, a convenient feature providing two parking spaces and storage options. This level also boasts the potential for additional living space or a business setup, with plumbing already in place for your customization. Additional assigned parking spot behind the unit and parking spaces in driveway as well. Ascending to the second floor, you'll find yourself in the heart of the home. The well-appointed kitchen flows into the inviting living room. A convenient half bath and a covered porch complete this level. Venture up to the third floor, where three bedrooms await, including a master suite with its own full bath. A second full bath and a conveniently located laundry area add to the functionality of this space. This townhouse offers more than just a comfortable living space-it's a lucrative investment opportunity. With a strong rental history and the added benefit of a grandfathered short-term rental permit. In 2023 alone, this property boasted a gross rental income of $107,000, making it an attractive option for investors or those seeking to offset their living costs. With its prime location, modern amenities, and versatile zoning options, this Traverse City townhouse presents a rare chance to own a piece of downtown. One of the sellers is a licensed real estate agent in the state of Michigan

Location

State MI

County Grand Traverse

Area Traverse City

Rooms

Kitchen Dishwasher, Oven, Range/Stove, Refrigerator, Washer

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Ceiling Fan(s), Central Air

Fireplace yes

Appliance Dishwasher, Oven, Range/Stove, Refrigerator, Washer

Heat Source Natural Gas

Exterior

Parking Features Door Opener, Attached

Garage Description 2 Car

Porch Balcony

Garage yes

Building

Sewer Shared Septic (Common)

Water Public (Municipal)

Architectural Style Townhouse

Structure Type Vinyl

Construction Status Site Condo

Schools

School District Traverse City

Others

Pets Allowed Yes

Tax ID 5178210518

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Kara Gelven of Peninsula Properties Realty
Bought with Keller Williams Northern Michi
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