$390,000
$375,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
10,140 SqFt
SOLD DATE : 03/30/2022
Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,140 sqft
Price per Sqft $38
Subdivision None
MLS Listing ID 78001329596
Sold Date 03/30/22
Originating Board Aspire North REALTORS®
Year Built 2010
Lot Size 2.720 Acres
Acres 2.72
Lot Dimensions 275x233x228x520x325
Property Description
Now offering a chance to own a passive investment property in Traverse City, MI. This 30 unit self-storage unit has been consistently fully occupied since construction in 2010 and offers a perspective purchaser roughly a 6% cap rate. Both buildings are located along the high-traffic corridor of M-37, 3/4 miles south of Chum's Corner.
Location
State MI
County Grand Traverse
Area Blair Twp
Zoning Commercial
Interior
Heating No Heat
Exterior
Pool No
Roof Type Asphalt
Accessibility Disabled Access
Building
Foundation Slab
Structure Type Frame
Schools
School District Traverse City
Others
Tax ID 280200802401
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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Bought with Three West, LLC