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2453 Main - Classic waterfront cottage resort on Arbutus Lake. A mix of year round rentals and seasonal rentals situated on an all sports lake close to downtown Traverse City. The owner has put in a new road that will allow for more year round rentals, increasing gross/net income. Each unit has a boat dock and shares a boat house and laundry facility. Great cash flow property with the ability to sell off individual cottages.

Listing information

  • MLS® ID: 1802852
  • Status: Active
  • New Construction: No
  • Lot Area: 2.50
  • School District: Traverse City Area Public Schools
  • Style: Condominium
  • Stories: 0
  • Foreclosure: No
  • Lot Size: irregular
  • Body of Water: Arbutus Lake
  • Year Built: 1940
  • Parking Type Description: None 0 cars
  • Total Square Footage: 40,000 ($17.38 per sq. foot)
  • County: Grand Traverse

Features

ADDITIONAL BUILDINGS Boat House
APPLIANCES/EQUIPMENT Refrigerator
CONSTRUCTION Frame, Other
Deeded Waterfront Yes
DEVELOPMENT AMENITIES Clubhouse, Common Area, Community Dock, Lake Privileges, Pets Allowed, Water Front Park
DOCUMENTS ON FILE Other
ECO Features No
ENERGY EFFICIENT Not Applicable
EXTERIOR FEATURES Countryside View, Deck, Landscaped, Multi-Level Decking, Patio
EXTERIOR FINISH Log Siding, Vinyl Siding, Wood
FIREPLACE AND STOVES Other
FOUNDATION Other
HEATING/COOLING SOURCES Propane Gas
HEATING/COOLING TYPE Forced Air, Wall
INCLUDED IN LEASE Other
INTERIOR FEATURES Beamed Ceilings, Cathedral Ceiling, Foyer Entrance, Hardwood Floors
MINERAL RIGHTS Unknown
Other % of Remodel - 50, Development Name - Shady Crest Resort, Total # Units - 10, Water Front Footage - 125, Year Remodeled - 2012, Year Updated - 2012
POSSESSION Negotiable
PRIMARY GARAGE Two Car
Private/Shared Private
PROPERTY TYPE Condominium, Other
RENEWABLE Not Applicable
ROAD Privately Maintained
ROOF Asphalt
SEWER Shared Septic
STYLE 1 Story
TV SERVICE/INTERNET AVAIL Cable Internet, Cable TV
UNIVS DESIGN/BARRIER FREE None
WATER Community Well
WATER CONSERVATION Not Applicable
WATER FEATURES All Sports, Inland Lake, Priv Frontage (Wtr Side), Private Dock, Public Lake, Sandy Bottom
ZONING/USE/RESTRICTIONS Multi-Family, Residential
Listing Courtesy of Kenneth Weaver of Traverse North Realty 1011 E. Eighth St #1 Traverse City Mi 49686