Unlock the potential of this cozy 960 sq ft ranch at 547 Terrace Drive! Situated in a quiet neighborhood near downtown Traverse City, East Bay, the TART Trail, and the Civic Center, this home offers endless opportunities for renovation and personalization. The functional layout includes three bedrooms, one bathroom, and a cozy kitchen with a charming breakfast nook. Original hardwood floors lie beneath the carpet, waiting to be uncovered and restored. A spacious screened porch provides the perfect setting for relaxation or entertaining. Set on a generous 0.356-acre lot with alley access and a storage shed, this property combines convenience and potential in a prime location. Recent updates include a new roof (2020 & 2024), majority of the windows (2024), bathtub and stall replacement (2024) and a covered porch (2020).