Seven-unit apartment property with great in-town location just off Woodmere and close to Boardman Lake Trail. Each unit is approximately 980 sf and includes a spacious first floor living area with polished concrete floor and high beamed ceiling, loft bedroom and washer/dryer. Tenants pay individually metered utilities. Units work well for live-work, and C-2 zoning allows for commercial rental of units. Zoning allows for one Traverse City Vacation Home Rental license for short term rental and seller has achieved Ã¢â‚¬Å“Super HostÃ¢â‚¬ status. Turnkey furnishings and keyless entry for two units included. Excellent condo conversion opportunity. Completely renovated in 2016 to include new roof, HVAC, and appliances. Offered at a 7.2% stabilized cap rate.
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