MI > Grand Traverse > Traverse City > 4612 Us-31 N

$4,000,000

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  • MLS# 1902679
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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 its 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 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!

Property Information

Status
Active 
Address
4612 Us-31 N 
City
Traverse City 
Zip
49686 
Year Built
1994 
Listing Date
07/17/2022 
County
Grand Traverse 
Possession
Negotiable 
Parking
Common 
Price/SqFt
322.58 

Features

Current Use
Recreational/Resort 
Features
Elevator, Security System 
Zoning
Commercial 
Water
Private Well 
Sub Property Type
Hospitality 
Licenses
Other 
Exterior Features
Vinyl 
Cooling
Ductless A/C, Forced Air, Natural Gas 
Heating
Ductless A/C, Forced Air, Natural Gas 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1902748 Active Expired Nov 1 2022 9:58AM 195
1902748 Expired Active Nov 1 2022 2:16AM 195
1902748 Active Contingency Sep 2 2022 4:46PM 195
1902679 Active Contingency Sep 2 2022 3:46PM 197
1902748 Contingency Active Aug 17 2022 9:28AM 195
1902748 Active Jul 19 2022 10:31AM $4,000,000 195
1902679 Active Jul 17 2022 1:46PM $4,000,000 197
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Homewaters, Llc
Office Address 697 Hannah Ave, Suite B

4612 Us-31 N Traverse City
Contact us
$4,000,000
For Sale • Acres: 0.84 • Zoning: Commercial