7200-7208 Barney Road

Beds
Baths
600 Sq. Ft.
$533 / Sq. Ft.
600
Sq. Ft.
$533
per Sq. Ft.

Description

Great opportunity for investor: 5 unit apartment building on 3 acre site 4.5 miles from downtown TC on west side. All fully leased with sec. deposits equal to one month rent. Recently updated all apartments including flooring, paint, decks, stackable washer/dryer in 3 units. Pole barn leased for $300/month. Rent includes heat (studio also includes electric). Many costs eliminated with owner/operator. Roof 2003/boiler 2004/well 2006. Up to 12 units allowed w conditional use permit from Long Lake Township...Great opportunity for investor: 5 unit apartment building on 3 acre site 4.5 miles from downtown TC on west side. All fully leased with sec. deposits equal to one month rent. Recently updated all apartments including flooring, paint, decks, stackable washer/dryer in 3 units. Pole barn leased for $300/month. Rent includes heat (studio also includes electric). Many costs eliminated with owner/operator. Roof 2003/boiler 2004/well 2006. Up to 12 units allowed w conditional use permit from Long Lake Township (zoning changed after purchase)
  1. Listed by Kimberly Creamer • Keller Williams Northern Michigan
    P: (231)-620-6602 Kimberly@creamerteam.com

Property Details for 7200-7208 Barney Road

Subdivision Name
METES AND BOUNDS
Architectural Style
Apartment
Zoning Description
Residential
LISTING CLOSED: 04/14/2015 12:00 AM

Property Details for 7200-7208 Barney Road

StatusClosed
MLS #78001331581
Days on Market3880
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1983
Lot Size3.16 AC / 137,649 SF
CountyGrand Traverse County

Location

Listing Courtesy of Keller Williams Northern Michigan

Sold By BAYSHORE GROUP REALTY

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Building Information for 7200-7208 Barney Road

Stories-Residences6Year Built1983Building Size-Lot Size3.16 AC / 137,649 SF

Payment Calculator

$1,627 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,627

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7200-7208 Barney Road

Summary
Location and General Information
  • Latitude: 44.764292
  • Longitude: -85.719514
  • MLS Area Major: Area28031Long Lake Twp
Taxes and HOA
  • Parcel Number: 280800200895
  • Tax Legal Description: Full legal description on file at listing office.
School Information
  • High School District: Traverse City
Parking
  • Parking Features: Detached, Garage, Carport
Property
Lot Information
  • Lot Size Acres: 3.16
  • Lot Size Dimensions: Irregular
Property and Assessments
  • State Equalized Value: 88400.0
  • Living Area: 600.0
  • Above Grade Finished Area: 600.0
  • Above Grade Finished Area Units: Square Feet
  • Class Name: Residential Income
  • Other Structures: Pole Barn
  • Year Built: 1983
Building Features
  • Construction Materials: Wood Siding
  • Foundation Details: Basement, Wood
  • Levels: One And One Half
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Appliances: Other, Oven, Refrigerator, Range
  • Basement: Partial, Walk Out Access
  • Has Basement: Yes
  • Has Cooling: No
  • Heating: Hot Water, Natural Gas, Steam
  • Has Heating: Yes
Exterior Features
  • Patio And Porch Features: Deck, Patio
Multi Family
Multi Family Information
  • Number of Units Total: 6
Income & Expenses
  • Net Operating Income: $31,489.00
  • Operating Expense: $11,891.00
Unit Information
Unit 1
  • Total Rent: $650.00
  • Type: Unknown Data Share
Unit 2
  • Total Rent: $300.00
  • Type: Unknown Data Share
Unit 3
  • Total Rent: $675.00
  • Type: Unknown Data Share
Unit 4
  • Total Rent: $600.00
  • Type: Unknown Data Share
Unit 5
  • Total Rent: $695.00
  • Type: Unknown Data Share
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Lease Terms Available: Months13to24, Other
  • Rent Includes: Heat

Property History for 7200-7208 Barney Road

DateEvent & SourcePriceAppreciation
Apr 14, 2015

Sold

Realcomp #78001331581

$320,000
Mar 23, 2015

Contract Signed

Realcomp #78001331581

May 3, 2012

Listed (Active)

Realcomp #78001331581

$339,000
DateEvent & SourcePrice
04/14/2015

Sold

Realcomp #78001331581

$320,000
03/23/2015

Contract Signed

Realcomp #78001331581

05/03/2012

Listed (Active)

Realcomp #78001331581

$339,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 7200-7208 Barney Road

This home is within Traverse City Area Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Long Lake Elementary School
PublicPK to 5

West Middle School
Public6 to 8

West Senior High
Public9 to 12

Tcaps Montessori School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Northern Michigan

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