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450 Michigan Avenue Traverse City, MI 49686
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Key Details
Sold Price $550,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $318
Subdivision Walnut Grove
MLS Listing ID 80046726
Sold Date 06/27/24
Style More than 2 Stories
Bedrooms 3
Full Baths 2
Half Baths 1
Abv Grd Liv Area 1,728
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 (28021)
Zoning Commercial,Residential
Rooms
Basement Poured
Interior
Interior Features Window Treatment(s)
Hot Water Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C, Exhaust Fan
Appliance Dishwasher, Range/Oven, Refrigerator, Washer
Exterior
Parking Features Attached Garage, Gar Door Opener
Garage Spaces 2.0
Amenities Available Grounds Maintenance, Pets-Allowed
Garage Yes
Building
Story More than 2 Stories
Water Public Water
Architectural Style Townhouse
Structure Type Vinyl Siding
Schools
School District Traverse City Area Public Schools
Others
HOA Fee Include Maintenance Grounds,Trash Removal,Maintenance Structure
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Keller Williams Northern Michi