421 E State Street
Traverse City, MI 49686
$750,000
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Six unit apartment building, three levels, one lower unit is handicapped accessible. 19 x 60 steel carport; Individual gas furnaces, water heaters, gas & electric meters, AC wall units. 66 ft Frontage on State St. and also has rear alley access, which also serves the commercial properties on Front St. Short Term Rentals not allowed. 2 Bedrooms, Living Rm., Kitchen and 1 bath in each unit. Walkable to Downtown 1 block; Park Place 1.5 blocks, Boardman River 1.5 blocks. 2 Units will be left vacant as of Sept 17, to facilitate sale. Newer rentals will be at $750 month for $54,000 gross income at 100% occupancy. Some below market rentals result of tenant longevity.

http://bobweisbrodt.realestateone.com/1893082
Bob Weisbrodt
57 N. Michigan Ave, PO Box 127
Beulah, MI 49617
Mobile: 231-649-1122
Mobile: 231-649-1122
[email protected]
http://www.BobWeisbrodt.com
 
Property Details
Status: Contingency
Listing Date 09/17/2021
County: Grand Traverse
Acreage: 0.25
Lot Dimensions: 66 x 165
School District: Traverse City
Waterfront Desc: None
Number of Units: 6
Style: 2 Story
Year Built: 1978
Possession: At Closing
Total Finished SqFt: 5,040
Exterior Features: Balcony, Handicap Access, Landscaped
Basement: Block, Crawl Space
Appliances: All Units the Same, Blinds, Dishwasher, Disposal, Drapes, Dryer, Electric water Heater, Natural Gas Water Heater, Oven/Range, Refrigerator, Smoke Alarms, Washer, Window A/C Unit (s)
 
Cooling: Ceiling, Forced Air, Natural Gas, Window Air Conditioner
Heating: Ceiling, Forced Air, Natural Gas, Window Air Conditioner
Unit1 Bedrooms: 2 Bathrooms: 1 Finished SqFt: 600
Unit2 Bedrooms: 2 Bathrooms: 1 Finished SqFt: 600
Unit3 Bedrooms: 2 Bathrooms: 1 Finished SqFt: 600
Unit4 Bedrooms: 2 Bathrooms: 1 Finished SqFt: 600
Unit5 Bedrooms: 2 Bathrooms: 1 Finished SqFt: 600
 
Listing Office: Beulah
Office Address: 57 N. Michigan Ave, PO Box 127
Listing Number: 1893082
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