Great 5.5 acre parcel with rental income of $1,800/month (could be higher) from duplex house a 3 bedroom & 2 bedroom apartment, large 4000 sq. ft. barn, 800 sq. ft. tool shed, and a 580 sq. ft. storage shed. Located on the well traveled intersection of East & West Silver Lake Roads and only 3 miles from downtown Traverse City. Great visibility and suitability for changing use, currently zoned agricultural. A prime parcel for redevelopment. A Planned Unit Development could be up to 6 units per acre. Great countryside views, municipal sewer nearby, and municipal water is across the road. Great income potential!
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