About 393 S East Silver Lake Road
Water view, great rental history and located in an allowable short-term rental zone! Across from Silver Lake and just minutes from Downtown Traverse City, this 1 1/2 story - 3 bedroom/1 bath includes a large detached garage and 1.43 acres. Amazing income potential. Short-term rental income on this property (in our opinion and to the best of our knowledge) could be $30K+ annually. Possible land contract/PMM option available.
Features of 393 S East Silver Lake Road
| MLS® # | 1911996 |
|---|---|
| Price | $299,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 972 |
| Acres | 1.43 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | 1.5 Story |
| Status | Pending |
| Association | metes and bounds |
Community Information
| Address | 393 S East Silver Lake Road |
|---|---|
| Subdivision | metes and bounds |
| City | Traverse City |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49685-9342 |
Amenities
| Utilities | WATER: Private Well SEWER: Private Septic |
|---|---|
| # of Garages | 2 |
| Garages | Detached, Concrete Floors |
| Is Waterfront | No |
| Waterfront | Water View |
| Has Pool | No |
Interior
| Interior Features | Cathedral Ceilings, Other, Fixer-Upper, Mud Room, Exercise Room |
|---|---|
| Appliances | Refrigerator, Oven/Range, Water Softener Owned, Washer, Dryer, Ceiling Fan, Natural Gas Water Heater |
| Heating | Forced Air, Natural Gas |
| Has Basement | Yes |
| Basement | Full, Block, Unfinished |
| Fireplace | No |
| Fireplaces | None |
Exterior
| Exterior | Vinyl |
|---|---|
| Exterior Features | Bay View, Deck, Countryside View, Other, Covered Porch, RV Parking, Garden Area |
| Lot Description | 189'x289'x252'x172'x124, Sloping |
| Windows | Low-e Windows |
| Roof | Asphalt |
| Construction | Frame |
School Information
| District | Traverse City Area Public Schools |
|---|
Additional Information
| Date Listed | June 8th, 2023 |
|---|---|
| Days on Market | 75 |
| Zoning | Residential, Rental History, Outbuildings Allowed |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Verity Real Estate, LLC |
|---|