$ 569,000
-
$569,000
Price -
0
Bed -
0
Bath -
7,380
SqFt
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About the Listing 61019 - 449213
2 tenant investment property on busy South Airport Road near the Traverse City airport. Leases are short-term, so that a buyer could use the property if they want to, however the tenants would like to keep renting, so longer term leases are also a possibility for investors. Current leases are below market providing upside potential for a buyer. Tenants include Boyd Sewing and Top Comics. The Boyd Sewing space has a retail sales area, classroom, loft for additional storage. and living quarters on the second floor with kitchen and full bathroom. Priced to sell at a 7.7% cap rate (based on current rents which are very low and could be raised) and well below assessor's true cash value.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Commercial Sale
MLS ®
80064082
Year Built
1967
Total Square Footage
7,380
Lot/Acreage
0.56
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 7380
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 99' x 247.5'
- Zoning: Commercial,Professional Office
- Roof: Asphalt,Metal
- Others:
- Sewer: Public Sanitary
- Parking Features: Parking Lot
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Questions About..
966 W South Airport Traverse City, MI 49686
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