Property Type:
Multi Family
Lot Size (sq. ft.):
34,412
Status:
Sold
Current Price:
$1,850,000
List Date:
8/31/2021
Last Modified:
12/20/2021
441 Munson Place, Traverse City, MI 49686
$1,800,000
Overview
Description
Special place in the city--on quiet Munson Place just off Munson Ave, blocks from both the east and west bay beaches and Northwestern University. Close to downtown. This well maintained 12 unit apartment complex is easy to fill...Units rent within days! All units have 2 sizeable bedrooms and 2 full bathrooms! Provides solid income with room to increase. Each unit has its own forced air furnace and central A/c all new 4 years ago. Most of the units have been updated within the last year. Great opportunity for a live in owner/manager and/or investment income. Change in owners plans make this opportunity available to you---set up time to see it soon!
Listing Details MLS# 21103275
Location Property Info
- County
- Grand Traverse County
- Street #
- 441
- Street Name
- Munson
- Suffix
- Place
- State
- MI
- Zip Code
- 49686
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 34412
- Lot Acres
- 0.79
- Lot Dimensions
- 210 x 165
- Year Built
- 1986
- New Construction
- No
- Financial Available
- Yes
- Financial Comments
- Must sign NDA prior to receipt of financials
- Cert of Compliance
- Yes
- Road Frontage
- 210
- Total # Units
- 12
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- Yes
- Total Approx. SqFt All Bldgs
- 12000
- Total Parking Spaces
- 24
- Waterfront
- No
- School District
- Traverse City
- Basement
- No
Tax Info
- Tax ID #
- 285110104210
- Taxable Value
- 672100
- SEV
- 672100
- For Tax Year
- 2021
- Seller's Annual Property Tax
- 36809
- Tax Year
- 2021
- Spec Assessment & Ty
- Zero
- Zoning
- Commercial
- Homestead %
- 0
Remarks Misc
- Directions
- Us-31/M-72 Munson Ave to Munson place---apartments are first drive to the right
Status Change Info
- Under Contract Date
- 2021-09-17
- Sold Date
- 2021-12-17
- Sold Price/SqFt
- 150
More Information
Waterfront Options
- Water Access Y/N
- No
Access Feat
- Accessibility Features
- Yes
Income and Expenses
- Annual Insurance
- 5227
- Annual Maintenance
- 4800
- Annual Utilities
- 3240
- Gross Op. Inc.
- 172680
- Net Operating Income
- 119604
- Operating Expense
- 3000
Unit 1
- Unit #
- Yes
- Unit Description
- 2bdrm, 2bath unit
- Identical Units
- 12
- SqFt
- 1000
- Occupied
- Yes
- Monthly Rent
- 1200
- Bathrooms
- 2
- Full Baths
- 2
- A/C Unit
- Yes
- Central Air
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Location & Property Info
- Cross Streets
- Munson Ave
- Property Sub-Type
- 5+ Units
- Area
- Traverse City - T
- Municipality
- Traverse City-GrandTraverse
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 154.17
Remarks & Misc
- Legal
- On file
Water Fea. Amenities
- Public Access 1 Mile or Less
- Yes
Lot Description
- Level
- Yes
Street Type
- Paved
- Yes
- Private
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
- Storm Sewer
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
- Other
- Yes
Mineral Rights
- Unknown
- Yes
Exterior Material
- Brick
- Yes
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Accessibility Feat
- 36 Inch Entrance Doo
- Yes
- 36' or + Hallway
- Yes
- Accessible Bath Sink
- Yes
- Accessible Kitchen Sink
- Yes
- Accessible M Flr Hal
- Yes
- Accessible Mn Flr Be
- Yes
- Accessible Mn Flr Fu
- Yes
- Grab Bar Mn Flr Bath
- Yes
- No Step Entrance
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Asphalt
- Yes
- Paved
- Yes
Substructure
- Slab
- Yes
Extras
- Tenant Storage
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Accessibility Feat:
36 Inch Entrance Doo; 36' or + Hallway; Accessible Bath Sink; Accessible Kitchen Sink; Accessible M Flr Hal; Accessible Mn Flr Be; Accessible Mn Flr Fu; Grab Bar Mn Flr Bath; No Step Entrance
Exterior Material:
Brick; Vinyl Siding
Roofing:
Composition
Substructure:
Slab
Lot Description:
Level
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street:
Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras:
Tenant Storage
Owner Pays:
Sewer; Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Asphalt; Paved
Street Type:
Paved; Private
Mineral Rights:
Unknown
Terms Available:
Cash; Conventional; Tax Def Exchange; Other
Possession:
Close Of Escrow
Sale Conditions:
None
Unit 1:
A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup
Documents
Floor Plan ›
Listing Office:
McLauchlin Realty, Inc.
Listing Agent:
Scott McLauchlin
Last Updated: December - 20 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
