4256 North Spider Lake Road, Traverse City, MI 49696

$720,000
2
BA

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List Price
$720,000
Days on Market
9
MLS#
1950207
Status
ACTIVE
Type
Multifamily
Bathrooms
2

Property Description

Rare Spider Lake waterfront investment opportunity featuring two separate, nicely updated cottages on a deep, level lot with a sandy beach and beautiful lake frontage. The property includes a 1-bedroom, 1-bath cottage and a 2-bedroom, 1-bath cottage with sunroom and large lakeside deck. Both cottages are comfortable and appealing, with mini-splits for efficient heating and cooling, and have an established rental history.------ A major advantage is the property's Cabin Court designation by the township, making it exempt from local short-term rental restrictions—an increasingly valuable feature in the Traverse City area. This provides excellent flexibility for continued vacation rental use, owner occupancy combined with rental income, extended family use, or a waterfront retreat.----------- Offered turnkey, including furnishings, household goods, kayaks and much of what is needed to continue operating and enjoying the property from day one. Spider Lake is a highly desirable all-sports lake just minutes from downtown Traverse City. The property is also convenient to the VASA Trail, extensive state land, hiking, biking, ORV trails and year-round recreation. A unique opportunity to own two waterfront cottages with sandy frontage, proven rental potential and an outstanding Traverse City location.

Additional Information

Acres
0.43
Basement
Crawl Space
Heating
Wall Furnace
Roofing
Metal
Water
Private Water

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kenneth C Weaver from Listing Office: Berkshire Hathaway Homeservices - TC.

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