$599,900

1611 Shannie Lane

Traverse City MI, 49686

Description

7 outstanding rental or living units that are condominiumized and can be sold individually! Presently, each unit is rented. 4 well designed "townhome" plans with 2 bedrooms,1.5 baths and full basements. 2 ranch-style 1 bedroom units and 1- 2 bedroom ranch style unit.Very close to Traverse City, Cherry Capital Airport, Cherry Knoll Elementary, East Middle School, Grand Traverse Academy & Woodland Charter Schools. Close to VASA trails and inland lakes galore! Unique investment based on the abillity to sell each unit individually if owner chooses. Priced as a value @ less than $86,000. per unit! Must be purchased as a 7 unit package. Additional room for carports, garages, or a pole building!.Rent presently for all units is $6200/mth but a few are below market rate and one unit has reduced rent in exchange for "light" property mgt. duties.

Details

MLS#1865142
Sub-TypeResale
StatusPending
Year2003
Days On Site78

Features

SQ Feet980
Units7
Building(s)1

Market Activity 49686

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49686
AreaGrand Traverse
Listing VS Median (in 49686)
Price:
$599,900
low | high
Med:
$279,500
100% of Average
SqFt:
980
low | high
Med:
840
64.285714285714% of Average
$ / SqFt:
$612
low | high
Med:
$333
95.643718397511% of Average
On Site:
78
low | high
Med:
151
51.655629139073% of Average
Listing Updated: 10/14/2019
MLS Number: 1865142
Listing Provided By:
Jason Elsenheimer  of  Coldwell Banker Schmidt-402
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.