Rare opportunity to own a fully renovated, income-producing duplex in the heart of Traverse City, steps from downtown, fully furnished, and operating as a short-term rental since 2019. Both units are actively permitted and generating approximately $60,000 combined annually, with upside potential. Commercial zoning requires STR permits to remain active… Read More to preserve them both, making this a true turnkey investment with the infrastructure already in place. The lower unit offers 500 sq ft of thoughtfully designed living space with a 1 bedroom, 1 bath layout, fully equipped kitchen (stove/oven, dishwasher, microwave, refrigerator), king bed, and twin trundle beds sleeping up to 4 guests. The upper unit is 477 sq ft, also 1 bed/1 bath, with a kitchenette (no stove), queen bed, twin trundle beds, and the same modern mid-century aesthetic. Both units feature mini-split heating and cooling, flat-screen TVs, WiFi, and plush contemporary finishes throughout. The full renovation was completed in 2019. This property works two ways: run both units as short-term rentals for maximum cash flow, or house hack by living in one unit while offsetting your mortgage with the other. Peak season nightly rates regularly exceed $300 per unit, with strong shoulder-season performance as well. The permits are active, the units are furnished, and the guests are already coming. Full-service property manager in place for a true turn-key opportunity. Walking distance to downtown restaurants, breweries, and the waterfront. Near Potter's Bakery, Oakwood Proper, and Common Good Bakery. Read Less
Courtesy of REMAX Bayshore - Union St TC.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family
Beds
2
Full Baths
2
Square Ft.
977
Lot Size
0.05 Acres
Year Built
1896
MLS Number
80069457
30 Days Snapshot Of 49686
$289k
-21%
(avg) sold price
9
-30%
homes sold
97
+136%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Range/Oven, Refrigerator
Basement
Outside Entrance, Stone
Building
977 square feet, Built in 1896, Style: 2 Story
Exterior Features
Vinyl Siding, Sidewalks
Water Features
None, Public Water
Heating
Natural Gas, Wall Heat
Kitchen
Length: 6 feet, Width: 10 feet
Lot
0.05 acres, Size: 40x50
Living Room
Length: 8 feet, Width: 12 feet
Property
Commercial, Multi-Family, Residential
Sewer
Community
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