8810 E Traverse Highway, Traverse City

$750,000

7 Beds
4 Baths
3,598 Sqft
3.6 Acres
2 Garages

Income producing Tower Hill AFC Home. Community Mental Health contracts will transfer to purchaser as long as purchaser meets state requirements. License is for a 12 bed facility. All beds are currently full. Additional building are used as rental, tan building is a 3 bedroom with a 3/4 bath rents at $1,500 a month. Green building is a 3 bedroom 1 Bath that rents individual rooms at $500 a month. Current owner will help train potential purchaser how to manage day to day operations as well as how to file for payment for CMH residents. This unique opportunity is available for owner financing. Located next to Bay Meadows Golf Course.

Essential Information
MLS® #1873206
Price$750,000
Bedrooms7
Bathrooms4.00
Full Baths3
Square Footage3,598
Acres3.60
Year Built1969
TypeSingle Family
Sub-TypeTri-Level, Adult Foster Care
StatusActive
Community Information
Address8810 E Traverse Highway
SubdivisionTower Hill
CityTraverse City
CountyGrand Traverse
StateMichigan
Zip Code49684
Amenities
# of Garages2
GaragesDetached
WaterfrontNone
Utilities

WATER: Private Well SEWER: Private Septic

Interior
HeatingPropane, Floor
Has BasementYes
FireplacesNone
Interior Features

Pantry, Mud Room, Great Room, Drywall

Appliances

Refrigerator, Oven/Range, Microwave, Washer, Dryer, Propane Water Heater, Exhaust Fan

Basement

Block, Egress Windows, Entrance Outside, Finished Rooms, Full Finished, Walkout

Exterior
ExteriorVinyl
RoofAsphalt
ConstructionFrame
Exterior Features

Deck, Sidewalk, Porch, Bay View, Patio, Handicap Access, Golf Course View

Lot Description

291X586X299X93, Rolling, Corner Lot

School Information
District

Traverse City Area Public Schools

Additional Information
Date ListedMarch 22nd, 2020
Days on Market11
ZoningResidential
Listing Details
OfficeREO-TC/Front
Office Address511 E Front Street
Property History
Status Changed from New to Active

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