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831 Garfield Avenue UNIT 1,Traverse City MI, 49686

2 baths
3,771 sq. ft
Status: Active
MLS#: 1824194
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Berkshire Hathaway HomeServices Michigan Real Estate
(877) 808-7007

Last Updated: 5/24/2017 5:53 PM
Description for 831 Garfield Avenue UNIT 1 Traverse City, MI 49686
Great Investment Property with new 10 year lease! Eastfield Liquor signed a 10 year lease beginning in 2016. NNN lease means tenant pays all expenses and landlord nets $30,000 year the first year with annual increases. 8% return and increasing each year with little to no work for the owner. This space was completely remodeled when the tenant moved in and shows great. Neighboring businesses include Edson Farms Natural Foods, Scuba North, Agave Mexican Grill, Heavenly Ham, UPS Store, Bikram Yoga, Centre Street Cafe and more. Nows the time to own a condo unit in this great retail center.
Listing Information
Property Type: Other
Grand Traverse 2
2.63 Acres
3,771(approx)
1972
Traverse C//
Garfield Center
Municipality
Municipality
None
Neighborhood
Room Information
Interior Features
Central Air
Gas Heat, Forced Air
Exterior / Lot Features
Shared Driveway, Paved Driveway, Lot
None
condo
Freestanding, Corner, Close To Shops, Community Maintenance, Asphalt
Financial Considerations
Annually
$0
Listing Price History for 831 Garfield Avenue UNIT 1

Traverse City Real Estate

Traverse City is located in Michigan. Traverse City, Michigan 49686 has population of15,218.

The median household income in Traverse City, Michigan 49686 is $47,836. The median household income for the surrounding county is $52,487 compared to the national median of $53,482. The median age of people living in Traverse City 49686 is 40.1 years.

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Courtesy: Coldwell Banker Schmidt-522
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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