Property profile

284 Astro Dr Traverse City, MI 49685

FOR SALE
Duplexes
Property ID
US43-2445020
Built 1973
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Property summary

AI-generated overview

Duplex Living in Traverse City! Flexible affordable housing! (2) spacious two bedroom 1,152 apartments with attached garages and almost an acre. Recently updated including Paint, flooring, bathroom, and appliances. Live in one, rent the other. Both units fully furnished and ready to move into. Use as up North getaway, Weekly, nightly, or monthly rental. Invest in Northern Michigan. Meticulously maintained and passes the white glove test! Immediate occupancy and available for a quick close. Interior and exterior drone tour by clicking virtual tour link. Seller cashed flow by short term weekly and monthly rentals, traveling nurses...Blair Twp allows short term rentals. Furnished can bring a premium. bikeScore: 27, Somewhat Bikeable walkScore: 9, Car-Dependent

Property profile

Verified
Property type Duplexes
Year built 1973
UPID US43-2445020

Cap rate & NOI

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

Location

284 Astro Dr Traverse City, MI 49685
Traverse City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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