1611 Shannie Lane 2-8, Traverse City

$599,900

0 Beds
0 Baths
980 Sqft
3.41 Acres
0 Garages

7 outstanding rental or living units that are condominiumized and can be sold individually! Presently, each unit is rented. 4 well designed "townhome" plans with 2 bedrooms,1.5 baths and full basements. 2 ranch-style 1 bedroom units and 1- 2 bedroom ranch style unit.Very close to Traverse City, Cherry Capital Airport, Cherry Knoll Elementary, East Middle School, Grand Traverse Academy & Woodland Charter Schools. Close to VASA trails and inland lakes galore! Unique investment based on the abillity to sell each unit individually if owner chooses. Priced as a value @ less than $86,000. per unit! Must be purchased as a 7 unit package. Additional room for carports, garages, or a pole building!.Rent presently for all units is $6200/mth but a few are below market rate and one unit has reduced rent in exchange for "light" property mgt. duties.

Essential Information
MLS® #1865142
Price$599,900
Square Footage980
Acres3.41
Year Built2003
TypeMulti-Family
Sub-Type2 Story, Townhouse
StatusPending
Community Information
Address1611 Shannie Lane 2-8
SubdivisionShannie
CityTraverse City
CountyGrand Traverse
StateMichigan
Zip Code49686
Amenities
GaragesNone
WaterfrontNone
Utilities

WATER: Shared Well SEWER: Development Septic, Private Septic

Interior
HeatingNatural Gas, Forced Air
Has BasementYes
BasementFull, Block, Crawl Space
FireplacesNone
Interior Features

Island Kitchen, Pantry, Drywall, Walk-In Closets, Laundry Hook-up

Appliances

Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, All Units the Same

Exterior
ExteriorVinyl Siding
Exterior FeaturesPatio, Countryside View
Lot Description270x353
WindowsEnergy Efficient Windows
RoofAsphalt
ConstructionOther, Frame
School Information
ElementaryWestwoods Elementary School
HighTraverse City High School
District

Traverse City Area Public Schools

Middle

Traverse City East Middle School

Additional Information
Date ListedJuly 30th, 2019
Days on Market6
ZoningMulti-Family
Listing Details
OfficeColdwell Banker Schmidt-402
Office Address402 E Front Street
Property History
Status Changed from Active to Pending
Status Changed from New to Active

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