0000 N Garfield Woods Drive Traverse City, MI ^$ 2,950,000

0000 N Garfield Woods Drive

^$ 2,950,000

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0000 N Garfield Woods Drive

Traverse City, MI, 49686

^$ 2,950,000

Studio Baths0.0

Monthly Estimate*

^$ 19,607

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Studio

Multi-Family Home for sale in Traverse City, MI

for $2,950,000. This home was built in 2023 on a lot size of 8.04.

This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!

Multi-Family Active

Price

^$ 2,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

8.04

Year Built

2023

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80016108

Features

General

Heating Floor Furnace

Possession At Close

Water Public Water

Status Active Active

Year Built 2023

Subdivision Fox Run LLC

County Grand Traverse

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Corporation

Municipality Garfield Twp

Section 24

Utilities Cable Available

Area Garfield Twp (28005)

Directions From Garfield and Airport Road intersection head south and the property is on the East side of the road across from Manitou Woods.

City Traverse City

School District Traverse City Area Public School

Street Name Garfield Woods

Financial Terms Cash

Legal Description LOT 20 GROSS' SUBD AS AMENDED 02/11/16 BY 13TH CIRCUIT CT GT CO (2016P-00001) DESCR CORR 3/2/16

DOM 62

Coming Soon

Interior

Total Number of Units 84

Fuel Type Electric

Exterior

Lot Size Area 8.04

Lot Dimensions irregular

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Blake Bernard

Listing Agent

Reo-Tcrandolph-233022

Broker

blake@bernardgroupmi.com

Affordability Calculator

$19,607

Per Month

Monthly Principal & Interest: $19,607
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Traverse City, MI

Average List Price ^$2,165,770

Percent of Sale Price 27%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3769590 Elementary School

3769595 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2024	$2,520,000		Listed Price

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0000 N Garfield Woods Drive, Traverse City, MI, 49686 is a Multi-Family Home for sale at $2,950,000 with a lot size of 8.04. 0000 N Garfield Woods Drive is a studio with 0.0 baths and was built in 2023. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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0000 N Garfield Woods Drive

Multi-Family Home for sale in Traverse City, MI

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