NOT LISTED FOR SALE
-- Bed
-- Bath
8,096 Sq Ft
0.81 Acres

Last Sold August 31, 2020

Last sale price $1,025,000 $127 Per Sq Ft

27 Days on Market

Highlights

  • 0.81 Acre Lot
  • Central High School Rated A-
  • Baseboard Heating

About This Home

As of August 2020

Twelve Unit Apartment complex with a lot that could have another twelve unit complex built on it. 11 units are 2 bed 1 bath 1 unit is 1 bed 1 bath Coin opp laundry room Current rents include water sewer gas trash. Tenant pays electric. $800.00 monthly Some units are in need of updates - others have been recently updated. Fantastic investment opportunity!

Last Agent to Sell the Property

Matthew Dakoske

REMAX Bayshore - Union St TC License #6501148333 Listed on: 06/12/2020

REMAX Bayshore - Union St TC

Last Buyer's Agent

Alison Siles

Five Star Real Estate - Front St TC License #6501374881

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1967

Lot Details

  • 0.81 Acre Lot
  • The community has rules related to zoning restrictions

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 8,096 Sq Ft Home
  • Walk-Out Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Rent includes trash removal, heating/cooling, electric, water, sewer

Community Details

Overview

  • 12 Units
  • Alpine Apartments Community

Building Details

  • Net Operating Income $45,909

Property Details

Home Type

Apartment

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: Tri-Level
  • Estimated Year Built: 1967
  • Construction: Frame
  • Section Number: 12
  • Univs Design Barrier Free: Covered Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Window A/C Unit (s)
  • Main Floor Primary: No
  • Price Per Sq Ft: 126.61
  • Range: R 11W
  • Total Finished Sf Apx: 8096

Exterior Features

  • Exterior Finish: Brick
  • Foundation: Walkout, Slab
  • Number Of Acres: 0.81
  • Road: Public Maintained
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Baseboard, Window Air Conditioner

Association/Amenities

  • Development Name: Alpine Apartments

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: 150.00' X 249.74' aprox
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Commercial

Rental Info

  • Included In Lease: Trash Removal, Heating/Cooling, Electric, Water, Sewer

Multi Family

  • Total Number Units: 12

MLS Schools

  • School District: Traverse City Area Public Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,025,000 -14.6% $127 / Sq Ft
06/12/2020 06/12/20 For Sale $1,200,000 -- $148 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1875800

Northern Great Lakes REALTORS® MLS

APN: 51-112-001-01