Description

Rare opportunity to purchase 2 modern multi-family buildings in the Slabtown neighborhood near downtown Traverse City. Built in 2017 each building contains 4 1-bedroom apartments, 1 studio and 1 penthouse apartment with a rooftop deck for a total of 12 units. One penthouse is 2 bedroom, 1.5 bath with a room that could be a third bedroom and that is plumbed for an additional bath. The other penthouse was built as the owner's personal residence and is 1 bedroom, 1.5 bath, with a second room that could be a bedroom and it is plumbed for an additional bath. Zoning allows for 3 of the 12 units to be short-term rentals providing upside income opportunity for the penthouse apartments and one of the 1-bedrooms. There are 10 parking spaces and street parking. The parking and sidewalks are heated for snow-melt.