$550,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
450 Michigan Avenue Traverse City, MI 49686
3 Beds
2.5 Baths
1,728 SqFt
Key Details
Sold Price $550,000
Property Type Condo
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $318
Subdivision Walnut Grove
MLS Listing ID 78080046726
Sold Date 06/27/24
Style Townhouse
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Site Condo
HOA Fees $151/mo
HOA Y/N yes
Originating Board Aspire North REALTORS®
Year Built 2016
Annual Tax Amount $9,438
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
Location
State MI
County Grand Traverse
Area Traverse City
Rooms
Kitchen Dishwasher, Oven, Range/Stove, Refrigerator, Washer
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace yes
Appliance Dishwasher, Oven, Range/Stove, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Garage Door Opener, Attached
Garage Description 2 Car
Waterfront no
Porch Balcony
Garage yes
Building
Sewer Shared Septic (Common)
Water Public (Municipal)
Architectural Style Townhouse
Structure Type Vinyl
Construction Status Site Condo
Schools
School District Traverse City
Others
Pets Allowed Yes
Tax ID 5178210518
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Keller Williams Northern Michi