Description

An Investment or Development opportunity in beautiful Traverse City. Currently a 10 unit residential apartment building on 2.5 acres. 9-554 s.f. 1 bedroom units & 1 661 s.f. 1 bedroom unit. Hardwood floors in bedrooms, living rooms & kitchens. Wood frame with semi-flat roof construction. 6 enclosed parking spaces. Current rents are far from market rate resulting in an analysis of the gross income potential based on current market data and projected expenses.