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630-219 Garfield Avenue, S, Traverse City, MI 49686 

***In contact with the agent on this one***

Asking price: $415,000

Revenue YTD: $73,000

👇👇👇

Contact Info:

Kara Gelven

231-632-5448

[email protected]

➡️ A great investment property in Traverse City Michigan. This coastal town is the #1 Airbnb location for all of Michigan. The zoning of this property allows for STRs.

➡️ This 2 bed/ 2 bath condo is being sold as a turn key, fully furnished and professionally designed vacation rental for $415,000. If desired, an option for full property management can seamlessly continue day 1 of closing.

➡️ YTD this unit has grossed $73,000 and financials are attached along with links to the Airbnb and VRBO listings.

➡️ The condo is in Trailside 45, a complex in downtown Traverse City where short term rentals are allowed by written zoning use.

➡️ The building sits directly on The TART trail and offers locked bike rooms on every floor for owner or guest use. The HOA is also pet friendly which is rare, allowing for the option to increase revenues with a pet friendly rental.

➡️ The building has an elevator and widened halls. It also has a common room on the 4th floor. Perfect for large groups needed to work or gather.

➡️ The condo has in unit washer and dryer, a bathroom off of every bedroom, large walk in closets and a private balcony.

➡️ The building is a short five minute pedal from Front Street, multiple beaches, marinas and Bay front parks, the Civic Center, The Filling Station Microbrewery, Elev8 Climbing Gym, three bike shops, Silver Spruce Brewing Company, and so many more of downtown TC’s award-winning offerings! Year to date gross revenue +73k, on track for~75k for the year.

➡️ Ability for streamline property management to continue, meaning you can start generating revenue day of closing.

1071 Buffalo Creek Rd, Lake Lure, NC 28746

Look no further, your cabin in the woods awaits you. This awesome property in Lake Lure is a short drive to the lake and Rumbling Bald Resort. The perfect second home or vacation rental. Enjoy the privacy yet minutes to restaurants. Open floor-plan with beautiful hardwoods. Fabulous Vaulted ceilings make for a spacious living area. Screened porch and back patio space to enjoy those warm summer days and cool fall nights. Downstairs room for media or make it a bunk area. New roof in 2022. No restrictions here.

• $499,900

• 2 Bedrooms, 4 Bathrooms

• Average Daily Rate: $322

• Expected occupancy rate: 62%

• Monthly expected income: $6,072

• Monthly expected expenses: $4,024

• Monthly expected cash flow: $2,049

• Expected cash on cash return: 17.8%

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