MI
GrandTraverse
Traverse City City
49686
450 Michigan
450 Michigan, Traverse City City, MI 49686
Listing Type
single family
Listing Status
pending
40
$525,000

Home Details for 450 Michigan

Price
$525,000
Type
Residential
Bedrooms
3
Bathrooms
3.0
Square feet
NaN
Year built
2016
County
GrandTraverse
Total rooms
5
Garage
2
Basement
Concrete
Days on site
11
MLS Listing#
78080046726
Hoa
151
Listing courtesy: Peninsula Properties Realty - 2316325448
Property Description

This stunning stand-alone townhouse, nestled in the heart of the city, offers a rare blend of urban convenience, comfortable living space, and investment opportunities as it sits within commercial zoning. An added bonus, the property is being sold fully furnished with just a handful of exceptions. Built in 2016, this townhouse is three-bedrooms and 2.5-baths. Step inside to discover the ground level garage, a convenient feature providing two parking spaces and storage options. This level also boasts the potential for additional living space or a business setup, with plumbing already in place for your customization. Additional assigned parking spot behind the unit and parking spaces in driveway as well. Ascending to the second floor, you'll find yourself in the heart of the home. The well-appointed kitchen flows into the inviting living room. A convenient half bath and a covered porch complete this level. Venture up to the third floor, where three bedrooms await, including a master suite with its own full bath. A second full bath and a conveniently located laundry area add to the functionality of this space. This townhouse offers more than just a comfortable living space-it's a lucrative investment opportunity. With a strong rental history and the added benefit of a grandfathered short-term rental permit. In 2023 alone, this property boasted a gross rental income of $107,000, making it an attractive option for investors or those seeking to offset their living costs. With its prime location, modern amenities, and versatile zoning options, this Traverse City townhouse presents a rare chance to own a piece of downtown. One of the sellers is a licensed real estate agent in the state of Michigan

Property Features
  • Cooling Information
    • CeilingFans
    • CentralAir
    • ExhaustFan
  • Heating Information
    • ForcedAir
    • NaturalGas
  • Water Features
    • Public
  • Basement
    • Concrete
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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