1825 E Eighth Street, Traverse City, MI 49686 | 1923196 | RE/MAX of Michigan (2024)

1825 E Eighth Street $7,552,500

    Schedule A Showing Request Info




    Market Estimate

    Request Info

    • 0 Beds
    • 0 Baths
    • 17,122 sq. ft.
    • Multi-Family
    • MLS# 1923196
    ').appendTo($('body')); }; function CloseLDPOverlay() { $('#ldpMask').remove(); $('#ldpForm').remove(); } function LDPOverlayCallback(response) { $('').append(response).appendTo($('body')); } function gotoOpenHouseDetails() { var openHouseButton = $('[data-section="ldpOpenHouses"]'); if (openHouseButton.length > 0) { openHouseButton.eq(0)[0].click(); $('html, body').animate({ scrollTop: openHouseButton.offset().top - 220 }, 'slow'); } } function gotoVirtualOpenHouseDetails() { showMoreVOH(); var openHouseButton = $('[data-section="ldpVirtualOpenHouses"]'); if (openHouseButton.length > 0) { openHouseButton.eq(0)[0].click(); $('html, body').animate({ scrollTop: openHouseButton.offset().top - 220 }, 'slow'); } } function facebookShareOnClick() { if(typeof(fbPixel) != 'undefined') { fbPixel.track('InitiateCheckout', { content_name: 'Save Favorite', content_type: 'home_listing', content_ids: ['1923196']}); } } function twitterShareOnClick() { if(typeof(fbPixel) != 'undefined') { fbPixel.track('InitiateCheckout', { content_name: 'Save Favorite', content_type: 'home_listing', content_ids: ['1923196']}); } } function pinterestShareOnClick() { if(typeof(fbPixel) != 'undefined') { fbPixel.track('InitiateCheckout', { content_name: 'Save Favorite', content_type: 'home_listing', content_ids: ['1923196']}); } }

    Favorite Share

    Views: 4Days On Site: 5

    Go Tour This Listing

    Tuesday 11 Jun

    Wednesday 12 Jun

    Thursday 13 Jun

    Friday 14 Jun

    Saturday 15 Jun

    Sunday 16 Jun

    Monday 17 Jun

    Tuesday 18 Jun

    Wednesday 19 Jun

    Thursday 20 Jun

    Friday 21 Jun

    Saturday 22 Jun

    Sunday 23 Jun

    Monday 24 Jun

    Tuesday 25 Jun

    Wednesday 26 Jun

    Thursday 27 Jun

    Friday 28 Jun

    Saturday 29 Jun

    Sunday 30 Jun

    Monday 01 Jul

    Tuesday 02 Jul

    Wednesday 03 Jul

    Thursday 04 Jul

    Friday 05 Jul

    Saturday 06 Jul

    Sunday 07 Jul

    Monday 08 Jul

    Tuesday 09 Jul

    Wednesday 10 Jul

    Thursday 11 Jul

    Friday 12 Jul

    Saturday 13 Jul

    Sunday 14 Jul

    Monday 15 Jul

    Tuesday 16 Jul

    Wednesday 17 Jul

    Thursday 18 Jul

    Friday 19 Jul

    Saturday 20 Jul

    Sunday 21 Jul

    Monday 22 Jul

    Tuesday 23 Jul

    Wednesday 24 Jul

    Thursday 25 Jul

    Friday 26 Jul

    Saturday 27 Jul

    Sunday 28 Jul

    Monday 29 Jul

    Tuesday 30 Jul

    Wednesday 31 Jul

    Thursday 01 Aug

    Friday 02 Aug

    Saturday 03 Aug

    Sunday 04 Aug

    Monday 05 Aug

    Tuesday 06 Aug

    Wednesday 07 Aug

    Thursday 08 Aug

    Friday 09 Aug

    Saturday 10 Aug

    Sunday 11 Aug

    Monday 12 Aug

    Tuesday 13 Aug

    Wednesday 14 Aug

    Thursday 15 Aug

    Friday 16 Aug

    Saturday 17 Aug

    Sunday 18 Aug

    Monday 19 Aug

    Tuesday 20 Aug

    Wednesday 21 Aug

    Thursday 22 Aug

    Friday 23 Aug

    Saturday 24 Aug

    Sunday 25 Aug

    Monday 26 Aug

    Tuesday 27 Aug

    Wednesday 28 Aug

    Thursday 29 Aug

    Friday 30 Aug

    Saturday 31 Aug

    Sunday 01 Sep

    Monday 02 Sep

    Tuesday 03 Sep

    Wednesday 04 Sep

    Thursday 05 Sep

    Friday 06 Sep

    Saturday 07 Sep

    Sunday 08 Sep

    Schedule A Showing

    Property Details


    20 Units that are short term rentable. Building has the one and only full rooftop common area with 4 hot tubs, turf area for outdoor games and partially covered as well. The building features a dog run and close proximity to both local and national chain food and coffee. Right around the corner is a grocery store for easy check ins. Guests on Airbnb have loved this building and the reviews on the already owned units speak highly of the rooftop and design. Listing price represents a fantastic group pricing discount, leaving investors with the upside of instant equity along with cash flow from the units. These units will come furnished with all appliances in place. Furnishings are included in the list price. This will allow investors the opportunity to instantly begin renting. If this is a 3-5 year hold the instant equity will create an even greater return at disposition. If this is a long term hold, the bonus depreciation (consult your accountant) will help any investor offset tax liability. No matter how you shake it, this is an amazing opportunity. Major events that add more upside. Airport expanding by nearly 3 times its current size. Horse Show continues to expand, and Traverse City keeps making national news for its beauty and charm.

    • General Features
      • Property Type Condominium
      • Mineral Rights Unknown
      • Township Traverse City
      • Type of Ownership Corporate Owned
      • Approx Year Built 2023
      • Type Multi-Family
    • Building Features
      • Appliances Equipment Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
      • Heating Cooling Sources Electric
      • Foundation Poured Concrete
      • Fireplace And Stoves None
      • Heating Cooling Type Forced Air, Central Air
      • Primary Garage Assigned Parking Spaces
      • Roof Other
      • Style Other
      • TV Service/Internet Available Cable TV
      • Total FINISHED SF Apx 17,122
      • Total # Units 20
    • Property Features
      • Number of Acres 1.22
      • Road Public Maintained, Blacktop
      • Water Features None
      • Water Municipal
      • Lot Dimensions Condo
      • Sewer Municipal
    • Schools
      • School District Traverse City Area Public School


    1825 E Eighth Street, Traverse City, MI 49686 | 1923196 | RE/MAX of Michigan (200)

    Don Fedrigon


    RE/MAX of Elk Rapids

    Cell: 231-218-8400


    49686 (Traverse City) Demographics

    46 Median Age

    230 Population Density (per sq. mile)

    54% College Educated

    $68,609 Estimated Median Income

    11,234 Estimated Total Home Owners

    3,419 Estimated Total Renters

    77% / 23% Estimated Owner / Renter Divide

    2 Estimated Average Household Size

    34,341 Total Population

    Community data courtesy of LiveBy, Inc.

    ')[0]; driveTime.addEventListener('click', function () { if (!commuteTimeAppLdp) { commuteTimeAppLdp = new CommuteTimeApp(); commuteTimeAppLdp.initialize({ isLdp: true, address: '1825 E Eighth Street, Traverse City, MI 49686', latitude: '44.758731', longitude: '-85.582644' }); $('.rn-search-listing-details-content-map-commutetime').show(); return; } if ($('.rn-search-listing-details-content-map-commutetime').is(':visible')) { commuteTimeAppLdp.reset(); $('.rn-search-listing-details-content-map-commutetime').hide(); return; } var filter = commuteTimeAppLdp.filterData()[0]; filter.address('1825 E Eighth Street, Traverse City, MI 49686'); filter.latitude('44.758731'); filter.longitude('-85.582644'); commuteTimeAppLdp.getDriveTimePolygons(filter); $('.rn-search-listing-details-content-map-commutetime').show(); }); listingMap.controls[google.maps.ControlPosition.TOP_RIGHT].push(driveTime); googleMap.attr('data-initialized', true); } } $(document).ready(function () { var mapLoadWaitInterval = window.setInterval(function () { if (typeof (google) != 'undefined' && google.maps) { loadListingMap(); window.clearInterval(mapLoadWaitInterval); } }, 1000); $('.maptab, .maptabselected').click(function () { $('.maptabselected').attr('class', 'maptab'); $(this).attr('class', 'maptabselected'); switch (this.id) { case 'maptabstreet': if(panorama) { panorama.setVisible(true); } else { panorama = new google.maps.StreetViewPanorama(listingMap.getDiv(), { pano: panoramaLocation.pano, panControl: true, zoomControl: true, addressControl: false, linksControl: true, clickToGo: false, disableDoubleClickZoom: false, scrollwheel: true, pov: {heading: latLong.headingTo(panoramaLocation.latLng), pitch: 0} }); listingMap.setOptions({panorama: panorama}); } break; case 'maptabsatellite': if(panorama) { panorama.setVisible(false); } listingMap.setOptions({mapTypeId: google.maps.MapTypeId.SATELLITE}); break; case 'maptabarea': default: if(panorama) { panorama.setVisible(false); } listingMap.setOptions({mapTypeId: google.maps.MapTypeId.ROADMAP}); break; } }); });

    The property map location is:

    Market Last 30 Days In This Postal Code

    $432,450 Median Sales Price

    55 Homes Sold

    152 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $7,552,500
        6/9/2024 4:06:04 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/6/2024 12:06:00 PM New in Database Source: Multiple Listing Service New Value: $7,552,500

        Payment Calculator

        $0 per month

        Year Fixed, Interest

        Principal and Interest


        Property Taxes

        Homeowners' Insurance

        Home Price

        Down Payment

        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

        1825 E Eighth Street, Traverse City, MI 49686 | 1923196 | RE/MAX of Michigan (2024)


        Top Articles
        Latest Posts
        Article information

        Author: Rubie Ullrich

        Last Updated:

        Views: 6234

        Rating: 4.1 / 5 (72 voted)

        Reviews: 95% of readers found this page helpful

        Author information

        Name: Rubie Ullrich

        Birthday: 1998-02-02

        Address: 743 Stoltenberg Center, Genovevaville, NJ 59925-3119

        Phone: +2202978377583

        Job: Administration Engineer

        Hobby: Surfing, Sailing, Listening to music, Web surfing, Kitesurfing, Geocaching, Backpacking

        Introduction: My name is Rubie Ullrich, I am a enthusiastic, perfect, tender, vivacious, talented, famous, delightful person who loves writing and wants to share my knowledge and understanding with you.