Sold
Last Sold Price
600 sqft$533/sqft
7200-7208 Barney Road,ย Traverse City, MIย 49684
Multi FamilyProperty Type
3.16 acresLot Size
1983Year Built
$533/sq ftPrice 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)
  • Listed by: Kimberly Creamer 231.620.6602 Kimberly@creamerteam.com โ€ข Keller Williams Northern Michigan
Listing closed: 04/14/2015 12:00 AM โ€ข Source: Realcomp, MLS#: 78001331581

Location

Listing Courtesy of Keller Williams Northern Michigan

Sold By BAYSHORE GROUP REALTY

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$1,654 per month

30 year fixed, 6.71% Interest

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Property Information for 7200-7208 Barney Road

Property Details
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: METES AND BOUNDS
  • Architectural Style: Apartment
  • Zoning Description: Residential
Building Information
  • Residences: 6
  • Year Built: 1983
  • Lot Size: 3.16 AC / 137,649 SF
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

$320,000โ€”
Mar 23, 2015

Contract Signed

Realcomp #78001331581

โ€”
May 3, 2012

Listed (Active)

Realcomp #78001331581

$339,000โ€”
DateEvent & SourcePrice
04/14/2015

Sold

Realcomp #78001331581

$320,000
03/23/2015

Contract Signed

Realcomp #78001331581

โ€”
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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Listing Courtesy of Keller Williams Northern Michigan

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