5-Unit Townhouse Condo Bldg. CALL TRADEMARK 989-792-6400

Multi-Family for Sale
Catylist Listing ID: 30154016
Property Subtypes: Student Housing, Other
Number of Units: 5 Units
Building Size (RSF): 5,750 SF
Gross Building Area: See Agent
Sale Price: $725,000
Unit Price: $145,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2017

Overview / Comments

Outstanding investment opportunity in Norther Michigan's Lake Charlevoix resort area. This East Jordan condo development features five 1,150 square foot 2-bedroom, 3-bath fully completed unites that are currently fully leased (four with corporate tenants) and have spectacular views of the East Arm of Lake Charlevoix which is just across the street. The parcel allows for an additional building of 3-4 units, subject to City approval based on square footage design and allowance of site plan setbacks. Infrastructure is already in place!

Call Gretchen Witherspoon at Trademark Commercial Group for more details and information on this great investment opportunity. 989-792-6400

Additional Details

Nearest MSA: Traverse City
County: Charlevoix
Tax ID/APN: cpixtax

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,876 4,238 4,238
Median Age: 37.37 41.53 41.53
Households: 755 1,657 1,657

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