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833 E Eighth St 2 Unit Apartment Building $369,000 ($184,500/Unit) Traverse City, MI 49686
Executive Summary
Great Fixer-Upper with Opportunities:
• long-term rental income
• short-term rental income
• a single-family residential home
• a residential home with apartment rental income
Also allows for commercial with Depot D-2 zoning.
Great location downtown Traverse City on the 8th Street corridor close to everything.
Current Use:
Leased as 2 long-term rentals. Each unit has 2 bedrooms and 1 bathroom. Tenants would
like to stay as-is and are not requesting updates. Tenants are on month-to-month leases.
Owner/Broker is licensed Broker in the State of Michigan.
• long-term rental income
• short-term rental income
• a single-family residential home
• a residential home with apartment rental income
Also allows for commercial with Depot D-2 zoning.
Great location downtown Traverse City on the 8th Street corridor close to everything.
Current Use:
Leased as 2 long-term rentals. Each unit has 2 bedrooms and 1 bathroom. Tenants would
like to stay as-is and are not requesting updates. Tenants are on month-to-month leases.
Owner/Broker is licensed Broker in the State of Michigan.
Property Facts
| Price | $369,000 | Building Class | C |
| Price Per Unit | $184,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 1,428 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment |
| Price | $369,000 |
| Price Per Unit | $184,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 1,428 SF |
| No. Stories | 2 |
| Year Built | 1980 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-642-243-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $183,200 |
Property Taxes
Parcel Number
51-642-243-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$183,200
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833 E Eighth St