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 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,… Read More 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
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of REMAX Bayshore - Union St TC, 231-941-4500, the brokerage and MiRealSource Shareholder that originated the listing.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Mortgage Calculator
Monthly Payment
$0
(Source: Home Junction)
Don't miss out on this wonderful property!
Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
~
Please Select Date
Please Select Type
Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
Choosing the right home often starts with finding the right school. Our site makes it easy by listing local schools in the area, complete with detailed information at your fingertips. Click on a school to learn more.
Whether you’re searching for a serene waterfront retreat, a cozy cabin tucked into the woods, or a family home with room to grow, we’re here to guide you every step of the way. Let’s make your home-buying journey something you’ll enjoy and remember. With our local expertise and broad connections, we’ll guide you every step of the way – from dreams to keys in hand – so you can start your next chapter with excitement and confidence.