About 4612 Us-31 N
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 it's 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 service 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!
Features of 4612 Us-31 N
| MLS® # | 1917936 |
|---|---|
| Price | $3,900,000 |
| Square Footage | 12,400 |
| Acres | 0.84 |
| Year Built | 1994 |
| Type | Multi-Family |
| Sub-Type | 2+ Stories |
| Status | Active |
| Association | Gold Coast Inn |
Community Information
| Address | 4612 Us-31 N |
|---|---|
| Subdivision | Gold Coast Inn |
| City | Traverse City |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49686 |
Amenities
| Utilities | WATER: Private Well SEWER: Municipal |
|---|---|
| Garages | Over 1 Space per Unit |
| Is Waterfront | No |
| Waterfront | Great Lake, All Sports, Bay View, Water View |
| Has Pool | No |
Interior
| Interior Features | Solid Surface Counters |
|---|---|
| Appliances | Other, Blinds, Drapes, All Units the Same |
| Heating | Natural Gas, Forced Air, Ductless A/C |
| Has Basement | No |
| Basement | Other |
| Fireplace | No |
| Fireplaces | None |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Deck, Patio, Gutters, Balcony, Bay View |
| Lot Description | Irregular |
| Roof | Asphalt |
| Construction | Frame |
School Information
| District | Traverse City Area Public Schools |
|---|
Additional Information
| Date Listed | December 1st, 2023 |
|---|---|
| Days on Market | 153 |
| Zoning | Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | REO-TCRandolph-233022 |
|---|