4612 US-31 N Traverse City, MI 49686

Property Description

Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has its own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. Fiber optic internet is installed and ready! The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you – this one’s tough to beat!

Property Information

Current Price$3,900,000.00
Sq. Ft.12,400 ft²
Lot Size0.84 acres

Details

Listing StatusActive
Year Built1,994

Financial Data

Current Price$3,900,000.00
Original Price$3,900,000.00

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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix

    Additional Information

    CityTraverse City
    StateMI
    CountyGrand Traverse
    MLS ID1917934
    WaterfrontNo
    BrokerageREO-TCRandolph-233022
    521 Randolph Street Traverse City MI 49684