Located in Long Lake Township
A timing matter on a 1031 exchange has created this opportunity at a below-market price!
LONG LAKE IS PRIME REAL ESTATE FOR DEVELOPMENT
Located on the favorable west side approximately six miles from Munson Medical Centre and Downtown Traverse City. Close to Long Lake Parks, including Gilbert Beach and Boat Launch and Cresent shores Boat Launch. Centrally located within short distances to Empire and Sleeping Bear Dunes The Leelanau Peninsula and its wineries.
The west side YMCA is a great facility just down the hill!
Build the house of your dreams on this beautiful 22-ace lot or Implement your development strategy to capitalize on this hot Traverse City high demand low inventory Housing Market.
The unique timing of the lands sale provides a price point of almost 50% off market rates
ZONED LOW-DENSITY SINGLE FAMILY HOMES 20 1 ACE LOTS W/ 2 SPLITS
LONG LAKE TOWNSHIP HAS AN ESTABLISHED SHORT-TERM RENTAL PROGRAM IN PLACE. WITH 2 SPLITS YOU COULD CREATE TWO POCKET COMMUNITIES ONE WITH SHORT-TERM RENTAL POTENTIAL AND THE OTHER A SITE CONDO WITH RESTRICTIONS AND HIGHER DENSITY.
LONG LAKE TOWNSHIP IS OPEN TO A PUD THAT WILL ALLOW MORE DENSITY WITH SMALLER SIZE HOMES. PROVIDED THERE IS A BENEFIT FOR THE COMMUNITY.
YOU CAN ACCESS THE SITE FROM N LONG LAKE RD AND CEDER RUN RD VIA SHORT NEIGHBORHOOD DETOUR
LONG LAKE TOWNSHIP / PHASE ONE SHOWS APPROVAL TO BUILD THE 1ST 4 UNITS WITH AN EASEMENT. PHASE 2 WOULD REQUIRE ROAD CONSTRUCTION. UTILITIES BOTH POWER AND GAS BUMP RIGHT UP TO THE END OF PINESPAR THAT CONNECTS TO THE PROPERTY
A quick look at current comps as of 3/14/23
indicates almost 50% off the current market value! By the land and flip it!
Build knowing the cost per unit are low helping you achieve the desired ROI
IN SUMMARY: THE KEY FACTORS TO CONSIDER FOR DEVELOPMENT ARE LAND COST, LOCATION, AND DEMAND. THIS JUST MAY BE THE RIGHT OPPORTUNITY.
I have a cost analysis for the development including bids for road construction professional services (site work easement/setbacks and staking) plus estimates on pulling utilities and lot work to help with cash flow projections. I have leads on lending for the project and potential investors to partner with..... Let's talk!
REAL ESTATE CONSULTING
Local support for your Development
REAL ESTATE CONSULTING SERVICES
Landowner, Investor, contemplating a build and sell scenario to capitalize on the housing demand in this Hot Traverse City market? Need a trustworthy professional local team for construction, sales, and operational support to help provide risk-adjusted returns? We can Help!
REALESTATE DEVELOPMENT SUPPORT
Support coordinating the following:
Bank relationships funding sources
Construction budgets and timelines
Sworn statement coordination controls and disbursements
Engineering, survey, coordinating site plans, Parcel applications, and ordinances
Architectural reviews and revisions
Meeting all township and county requirements for planning to permit land division specifics
Mortgage surveys, house staking, Land division survey,
Engineering and permitting with the GTC Road Commission.
Create a plan and profile, stake the road and certify to the township once completed.
Excavation Gas and UG utility
Legal counsel relationships are available for all legal transactions forming corporations including Site condominium conversion and HOA development docs plus purchase agreements, and title work verification.
Title company relationships to handle; Title Insurance Real estate settlement, Closing services, New construction draw endorsement services, and title search services.
Vacation Rentals, STR Short Term Rental Airbnb & VRBO support, and advice. Set pricing market analysis. Vacation Rental Data with AirDNA Software make smarter decisions with better intelligence.
Situation SWOT Analysis
A detailed and brutally honest assessment of your market, your competitors the opportunities, and challenges for your business.
Strengths Weaknesses Opportunities and Threats
Specific business revenue goals, as well as a strategy for tackling the market opportunities we identified in the situation analysis.
Complete your next project from industry-leading 3D visualizations and architecture to interior design, construction, and real estate marketing.
Build Realtor relationships. Local and Regional MLS listing options, Northern Great Lake Realtors
Marketing Strategies for MLS listings management that include 200 real-estate platforms links Zillow, Realtor .com, etc.
Web Development Website Design. Interactive Social media link building SEO advantages
Inbound & Content Marketing
CRM Sales Marketing Software lead tracing email and text marketing
SEO, (Search Engine Optimization) CRO (conversion rate optimization)
Social Media Facebook Instagram Twitter link building creates community and focused campaign marketing options
Link Building helps Google algorithms find relevant content linking back to your site
Dot loop and Dropbox E-document software
Showtime Realtor Showing apps
Consultant for Hire
Consultative fees vary depending on location and target market. But there is a common methodology for arriving at the pricing structure. I would suggest an initial consultation free of charge to assess your needs and determine how I may best serve you.
The terms of a consulting agreement can be based on an hourly rate with a retainer whereby we provide consulting services on a continual basis as demanded or based on the project. Depending on the project and terms compensation tied to Productivity and Sales can be negotiated.
I look forward to learning more about your business and identifying ways I can contribute to moving it forward.
This was the original name and plan for the Parcel. I do have a complete set of plans for 3 smaller Modern Farmhouse Homes in addition to plans and a Cost to build for smaller STR home options. Contact me for more details.
CONTACT LINKS / PROJECTS
Real Estate Development
Health Club Owner
Traverse City, Michigan
Biz Consulting: www.tomdugganconsulting.com
Condos for sale: www.traversecityhouseforsale.com
Homes for sale: www.longlakelanding.com
Air BnB: www.broadstreetretreat.com