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3482 Mahoney Drive Traverse City, MI 49696
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Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,142 sqft
Price per Sqft $656
Subdivision Mi
MLS Listing ID 80016964
Sold Date 06/27/24
Style 2 Story
Year Built 1995
Lot Size 1.250 Acres
Acres 1.25
Lot Dimensions 141.72X384.21 IRR
Property Description
Welcome to a fantastic investment opportunity with this well maintained quadplex! The addresses are 3482, 3484, 3486 + 3488 Mahoney Drive. Great location, just a few minutes from Traverse City. All 4 units are tenant occupied with current leases until 2025. Total rents are $6100/mo. Each unit offers two stories, private entry, an attached single-car garage and paved driveways, maximizing storage and tenant convenience. Inside each unit is nicely updated and equipped with a large living area, washer and dryer hookups, and spacious master bedrooms, complete with dual closets. Updated flooring throughout each unit. Recently upgraded kitchen cabinetry and appliances in the two end units (3482 + 3488). Outside you will find private patios and a spacious shared backyard. Please note that showings require 48 hours notice!
Location
State MI
County Grand Traverse
Area East Bay Twp (28003)
Zoning Multi-Family
Interior
Interior Features Cathedral/Vaulted Ceiling
Heating Baseboard
Appliance Dishwasher, Freezer, Microwave, Range/Oven, Refrigerator
Exterior
Garage Attached Garage
Waterfront No
Building
Story 2 Story
Foundation Crawl
Water Private Well
Schools
School District Traverse City Area Public Schools
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with REO-TCFront-233021