☀️ Prime Investment Opportunity in Traverse City, Michigan! Eastside One Welcomes Discerning Investors! 🏢 💼
Similar units doing $75,000+ in annual revenue. Brand New Condos.
Alex Veytsman
December 17, 2023
The Offer Sheet readers —
We are excited to bring you a deal today on STR approved condos in a hot market for short term rentals (where allowed) and a growing market generally: Traverse City.
To emphasize — there are restrictions in Traverse City making for even more limited supply, but these are coming pre-approved.
These are new construction condos and are available as one, two, or three bedroom variations. Other similar one bedrooms gross $40,000 annually and two bedrooms gross $75,000.
Below you’ll see:
What makes these condos so appealing as an investment
Links and agent contact info
A lot more detail about why these condos are special
More about why Traverse City is a great area to invest in & investment potential
Let’s go! 👇
Investors seeking unparalleled opportunities, look no further than Eastside One Condos! With a limited inventory of 22 units remaining, this is your exclusive chance to dive into Traverse City's burgeoning real estate market.
Contact Info:
Agent: Sam Flamont
If you would like to make offers, ask questions, arrange appointments, etc. please reach out to the listing agent, Sam Flamont at 231-633-8326 or [email protected].
Key Features:
🏠 Versatile Unit Selection
Choose from a range of luxurious units:
1️⃣ 1 bed / 1 bath
2️⃣ 2 bed / 2 bath
3️⃣ 3 bed / 2 bath
All units boast an industrial-inspired design featuring:
Striking 12-foot ceilings
Exposed ductwork for urban sophistication
Expansive windows flooding spaces with natural light
Similar units in this highly coveted locale gross over $40,000 for 1/1 units and over $75,000 for 2/2 units annually, making Eastside One an astute investment choice. Both the Traverse City and the condo association allow short term rentals in these units.
🌆 Unrivaled Rooftop Experience
Eastside One sets itself apart with its exclusive rooftop, unmatched by any other building in town:
Boasting 4 luxurious hot tubs
Partial covering ensuring year-round usability
This unique amenity adds significant value, driving high tenant demand.
🛒 Superb Location & Convenience
Within a quarter mile radius, enjoy seamless access to:
Grocery store for daily essentials
Charming breakfast spots for a delightful start to the day
Bigby Coffee, Tropical Smoothie, and prominent national food chains for diverse culinary experiences
East Bay Beach, enriching the area's allure for residents and vacationers
Traverse City, a top vacation destination, offers immense potential for lucrative rental opportunities.
💵 Investment Potential
Eastside One isn't just a condominium complex; it's an investment in a sought-after location. Its modern design, unparalleled amenities, and strategic positioning make it an enticing prospect for tenants and potential buyers alike.
Seize the opportunity to make your mark in Traverse City's real estate landscape. Secure your investment in Eastside One today!
Contact Sam for an exclusive tour and take advantage of this exceptional chance to bolster your investment portfolio with Eastside One's unrivaled allure! 🏖️ 🏙️ 💰
🏙️ More About This Area:
➡️ Traverse CIty is a destination for vacationers from around the world. Surrounded by fresh water, downtown Traverse City sits on the Grand Traverse Bay. The bay hosts numerous beaches, packed with visitors all summer long. It's not all about the water though.
➡️ Traverse City has become a foodie destination with great food and craft drinks all over the walkable downtown area. Nothing better than having dinner and a drink then walking one block and taking a stroll down the beach.
➡️ Between the Old Mission Peninsula and the Leelanau Peninsula, Traverse City has 26 wineries that have tours and tasting rooms. If you do some research you will see Traverse City has award winning white wines.
➡️ Watching the sunset over the water while enjoying a glass of wine is the perfect way to end your day. WIth wine tour shuttles, it is easy for guests to plan a day of wine tasting that starts with getting picked up right at their front door.
➡️ Traverse City is known as the Cherry Capital of the world and has been included in numerous top ten lists across many different publications. The National Cherry Festival is a week-long festival that attracts over 500,000 visitors from around the world. For a town of 50,000 people that is a massive influx.
➡️ Cherry Capital Airport has added 20 direct flights during the peak season which has expanded to May through October. These flights go to Denver, Charlotte, New York, DC, and all over Florida and Arizona. The airport is in the process of expanding from five jet bridges to thirteen jet bridges due to the enormous increase in the amount of travelers each year.
➡️ Another huge event Traverse City hosts is Traverse City Horse Shows. This equine festival is a 14 week event that draws big money clients from all over the world. These attendees and workers rent both condos and homes.
➡️ We have had guests pay 20K per month for a 2/2 condo and 50K per month for a 5 bedroom home. Traverse City Horse Shows is expanding and has become one of the world's biggest horse shows.
➡️ The Sleeping Bear Dunes is another massive tourist draw. With beautiful water views, great hiking trails and natural beauty, people add this to their list of reasons to visit Traverse City.
➡️ When it comes to looking for great STR destinations, one of the best statistics to look at for STRs is the retail spend per capita against the area's medium income.
➡️ Traverse City boasts one of the highest percentages of retail spend per capita against the medium income with an 80% spend. This indicates a heavy tourist area. Most spends in large metro areas or non vacation destinations are about 20%.
➡️ Traverse City has received a great deal of press over the years for its popular features and high-value amenities. See below for articles that give this Northern Michigan town the national recognition it deserves.
Some More Great Links About Traverse City: