Water Views
Address
4612 Us-31 N, Traverse City, MI
Price
$ 3,900,000
Property Attributes
  • MLS#1917936
  • TypeMulti-Family
  • CountyGRAND TRAVERSE
  • CityTraverse City
  • AreaGrand Traverse
  • NeighborhoodAcme
  • Zip49686
  • Style2+ Stories
  • Price$ 3,900,000
  • Bedrooms26
  • Full Bathrooms26
  • Half Bathrooms0
  • Sqr Footage12400
  • Lot Size0.84 Acres
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
Property Description

Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has it's own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. Fiber optic internet service is installed and ready! The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!

Price History
12/1/2023 Listed $3,900,000

General Features

Roof Asphalt
Zoning Commercial
Sewer Municipal
Construction Frame
School District Traverse City Area Public Schools

Interior Features

Basement Other
Interior Features Solid Surface Counters

Exterior Features

Exterior Features Bay View,Deck,Patio,Balcony,Gutters
Water Features Water View,Great Lake,All Sports,Bay View

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 49686

Price
AVG $3.59M
$3.9M
Visits
AVG 54
150
Data Provided by Inside Real Estate®
Year Built
AVG 2008
1994
Walkscore
AVG 44
31
Data Provided by Walkscore® not using MLS data

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