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10923 E Traverse Hwy, Traverse City, MI 49684

Commercial property for sale

Added: 02/01/2012
Last Update: 02/01/2012
10923 E Traverse Hwy Traverse City, MI 49684 US
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Description

5-plex apartment complex in fantastic location near the corner of M-72 and SW Bayshore Drive. First house past Tom's West Bay with great views of the Bay, large yard, paved parking and right off the TART trail. 4 One-Bedroom units, shows great and all rented. The 2 bedroom unit in the lower level has not been rented by the current owner, but would be easy to fix up and rent for additional income. Current net income is $17K with potential for addl $8k from 2 BR (total $25K). Great investment! Building price details: $229,000.

Property Details

  • Type: Multifamily
  • Status: Available
  • Buildings: 1

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