Calypso on East Bay
Thirteen New Build Townhomes- Commercial Zoning-Community of Short Term Rentals!!
Marketing description
A hybrid model of Short Term Rental (STR) home meets hotel accommodations. This model is perfectly suited to the Northern MI visitor who values multi-generational gatherings. Proof of concept can be seen in Acme township and just down the road in TC as well as out west in numerous mountain towns in Colorado. Fantastic opportunity to acquire 13 brand new townhomes with rooftop decks that provide views of East Bay and Traverse City’s Gold Coast. Lower level decks with hook ups for gas grills - perfect for multi-generational visitor groups. The parcel is zoned commercial allowing for every single unit to be an STR. Clustered attached townhomes- all seasonal rentals. Ask me about it!
The iconic look of Calypso at East Bay, as well as the planned softer modern look meets organic feel of the interior of each unit insures its success as an STR community. Developer is willing to build to suit. Property is cleared and construction begins in the next 30-ish days.
See architectural renderings in photos section.
Ask me about acquiring a single unit, smaller grouping of units. Or ask me about acquiring the entire development.
Investment highlights
Stunning new build townhome style condos in Traverse City bring an iconic feel to Traverse City's coveted gold coast in East Bay township. The iconic modern exterior is juxtaposed with a softer organic interior design. The units are suitable for a small investor to acquire all or a handful of units to use as short term rentals coupled with off-season executive style longer term rentals. And of course they can purchased individually. (Perfect for a 2nd home with the added benefit of being able to offset expenses with short term rental revenue!) Located a short walk from the public beach park with a deli/market right next door. Lots of restaurants are an easy walk from the units and all of the excitement and happenings of downtown TC are a scant 3-5 miles away,
Every unit has 3 full bedrooms & 2.5 bathrooms. Ideal for larger groups.
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