KOTI - A Propose Site Condominium and Vacation Rental Resort! Acme Township has approved this 18 acre PUD development for commercial use and residential (mix use). This investment property has the potential ROI of 60%. Due to the high demand of vacation rentals and developers ownership of the rental company, the annual projected net income is $300,000 to $500,000 annually based on a 40 - 50 % occupancy. Conveniently located across from the Grand Traverse Resort, which has three top quality golf courses, within 1/4 of a mile to the new Grand Traverse Bay waterfront park, the ever popular Horses By The Bay Equestrian Event Center and the Traverse Area Trails to Rails system allowing you to get to Traverse City up to Sutton's Bay. A development prospectus is available upon request. At present, engineering, construction drawings and permitting are underway with groundbreaking scheduled for Spring of 2019. The photos are architectural renderings only.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
