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    Property profile

    1627 Rasho Rd Traverse City, MI 49696

    FOR SALE
    Quadplexes
    Property ID
    US43-2507627
    Built 1980
    Saved · see the list in your Dashboard
    1627 Rasho Rd, Traverse City, MI 49696 For Sale 1 / 88
    $849,000
    1627 Rasho Rd, Traverse City, MI 49696
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    Property summary

    AI-generated overview

    Updated 4-unit property on the east side of Traverse City near Timber Ridge. 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with shared front/rear entry and common laundry. Major 2023/2024 improvements include new flooring, countertops, appliances, lighting, paint, HVAC units, 3 new water heaters, exterior paint, and a new roof in February 2024. Detached 5-stall garage, adjacent deck area, and large lawn bordering woods. Gross monthly income of $6,814 includes rent, pet rent, and trash fees. bikeScore: 18, Somewhat Bikeable walkScore: 9, Car-Dependent

    Property profile

    Verified
    Property type Quadplexes
    Year built 1980
    UPID US43-2507627

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    1627 Rasho Rd Traverse City, MI 49696
    Traverse City metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • New
      $849,000
      5,008 SF
      Updated 4-Unit Residential Quadplex
      Four updated units with shared entry and common laundry, plus detached garage and outdoor space on over an acre.
      1627 Rasho Road, Traverse City, MI 49696
      View Details
    • New
      $3,500,000
      15,383 SF
      Apartment Complex with Barns and Pond
      40.39-acre apartment complex with eight homes, four large barns, a pond, and accessible features just minutes from downtown Traverse City.
      55 S Hope Ridge, Traverse City, MI 49696
      View Details
    • $3,800,000
      36.50 Acres
      Furnished Rental Resort Property
      Eighteen furnished units include one-, two-, and three-bedroom layouts alongside an on-site residence and apartment.
      2960 Arbutus Hill Road, Traverse City, MI 49696
      View Details
    • $289,900
      Land
      Waterfront Land
      Traverse City, MI 49696
      View Details
    • New
      $425,000
      Waterfront Land with Lake Frontage
      Waterfront parcel with a paved driveway, electricity, natural gas, and an approved perk test.
      Traverse City, MI 49696
      View Details
    • New
      $425,000
      TRAVERSE CITY, MI
      Waterfront Land
      CROSS COUNTRY TRAIL, Traverse City, MI 49696
      View Details

    Similar Nearby for Sale

    • New
      $849,000
      5,008 SF
      Updated 4-Unit Residential Quadplex
      Four updated units with shared entry and common laundry, plus detached garage and outdoor space on over an acre.
      1627 Rasho Road, Traverse City, MI 49696
      View Details
    • New
      $3,500,000
      15,383 SF
      Apartment Complex with Barns and Pond
      40.39-acre apartment complex with eight homes, four large barns, a pond, and accessible features just minutes from downtown Traverse City.
      55 S Hope Ridge, Traverse City, MI 49696
      View Details
    • $3,800,000
      36.50 Acres
      Furnished Rental Resort Property
      Eighteen furnished units include one-, two-, and three-bedroom layouts alongside an on-site residence and apartment.
      2960 Arbutus Hill Road, Traverse City, MI 49696
      View Details
    • $289,900
      Land
      Waterfront Land
      Traverse City, MI 49696
      View Details
    • New
      $425,000
      Waterfront Land with Lake Frontage
      Waterfront parcel with a paved driveway, electricity, natural gas, and an approved perk test.
      Traverse City, MI 49696
      View Details
    • New
      $425,000
      TRAVERSE CITY, MI
      Waterfront Land
      CROSS COUNTRY TRAIL, Traverse City, MI 49696
      View Details

    Similar Nearby for Lease

    • $1,500/Mo
      1,537 sqft
      Freshly Painted Office Suite
      Updated office space with an open layout, separate bathroom, and storage, plus parking and included lot maintenance.
      1396 Douglas Drive, Traverse City, MI 49696
      View Details
    • $1,500/Mo
      1,380 sqft
      Office Suite with Meeting Room
      Functional office layout with private offices, reception, meeting room, bathroom, and kitchenette, plus parking and cared-for exterior.
      1396 Douglas Drive, Traverse City, MI 49696
      View Details
    • $1,500/Mo
      1,380 sqft
      Office Unit with Meeting Room
      Flexible office layout with private workrooms, reception, kitchenette, storage, and a private bathroom.
      Traverse City, MI 49696
      View Details
    • New
      $9 SF/Yr
      21,450 sqft
      Clear-Span Flex Space
      Steel facility with office area, loading access, wide drive aisles, and warehouse infrastructure suited to industrial operations.
      343 Hughes Drive, Traverse City, MI 49696
      View Details
    • New
      $2,750/Mo
      3,880 sqft
      Industrial Flex Space with Warehouse
      Commercial and industrial-zoned space combines office functions with clear-span warehouse capacity and loading infrastructure.
      Traverse City, MI 49696
      View Details
    • New
      $4,950/Mo
      4,860 sqft
      Industrial Warehouse with Overhead Door
      4,860 SF industrial suite in an industrial park with a 14'x14' overhead door, one bathroom, and ten dedicated parking spaces.
      1416 Industry Drive, Traverse City, MI 49696
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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