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Northern Great Lakes REALTORS MLS™

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4612 US-31 N

Traverse City, MI 49686

$3,900,000

MLS #1917934

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Description

Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has its own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. Fiber optic internet is installed and ready! The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!


Overview

Sale or Lease:

For Sale

Business Included:

Yes

Real Estate Included:

Yes

Square Footage:

12400 sqft

Acres:

0.84 acres

Township:

Acme

County:

Grand Traverse


Features

Business Type:

Recreational/Resort

Location:

Freestanding

Included in Lease:

None

Zoning:

Commercial

Blake Bernard

REO-TCRandolph-233022

231-714-4787blake@bernardgroupmi.com

Compensations

Sub Agency

2.00%

Buyer Agency

2.00%

Transaction Coordinator

0.00%

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.