Great cash flowing investment opportunity! In the heart of downtown Traverse City this duplex has an upper and lower unit. Both units have 2 bedroom and 1 full bathroom. There is shared laundry accessible from outside for both units to use. There is a party wall available for both units to open to be one large house. Currently listed on all short term rental sites for three listings, upper, lower and entire house. Commercial C-1 zoned property with active and current short term rental licenses for both units. Listing includes all furniture and fixtures, turn key! Fully remodeled in winter 21/22. Owner is a licensed real estate agent and also the property manager.
Sold for $681,000
$681,000
624 3rd St, Traverse City, MI 49684
4beds
1,778sqft
Single Family Residence, Duplex
Built in 1886
-- sqft lot
$732,900 Zestimate®
$383/sqft
$2,504 Estimated rent
Home value
$732,900
$682,000 - $792,000
$2,504/mo
Zestimate® history
Owner options
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$4,036/mo
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Zillow last checked:
Listing updated:
Listed by:
Sam Flamont Cell:231-633-8326,
The Mitten Real Estate Group 231-421-1970
Bought with:
Sheena McKinney, 6501401181
Five Star Real Estate - Front St TC
Source: NGLRMLS,MLS#: 1915412
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Area: 182
- Dimensions: 13 x 14
Primary bathroom
- Features: Shared
Kitchen
- Area: 224
- Dimensions: 16 x 14
Living room
- Area: 294
- Dimensions: 14 x 21
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Freezer
- Laundry: Main Level
Features
- Breakfast Nook, Drywall, Paneling, High Speed Internet, WiFi
- Windows: Blinds, Curtain Rods
- Basement: Michigan Basement,Unfinished,Storage Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,778
- Total interior livable area: 1,778 sqft
- Finished area above ground: 1,778
- Finished area below ground: 0
Property
Parking
- Parking features: None, Asphalt, Easement, Shared Driveway
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Sidewalk
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: None
Lot
- Size: 8,276 sqft
- Dimensions: 50 x 166
- Features: Other
Details
- Additional structures: Shed(s)
- Parcel number: 285165405900
- Zoning description: Residential,Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence, Duplex
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1886
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: Hannah Lay & Co 10th Add
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $681K - $681K
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2023 | Sold | $681,000-2.6%$383/sqft |
Source:  NGLRMLS #1915412 Report a problem | ||
| 9/21/2023 | Pending sale | $699,000$393/sqft |
Source: NGLRMLS #1915412 Report a problem | ||
| 9/7/2023 | Listed for sale | $699,000+191.3%$393/sqft |
Source: NGLRMLS #1915412 Report a problem | ||
| 12/11/1995 | Sold | $240,000$135/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,009 +42.5% | $296,900 -8.4% |
| 2024 | $12,638 +4.8% | $324,100 +18.8% |
| 2023 | $12,058 +258.3% | $272,900 +24% |
| 2022 | $3,365 +1.1% | $220,100 +0.6% |
| 2021 | $3,329 +0.8% | $218,700 +15% |
| 2020 | $3,301 | $190,100 +13.5% |
| 2019 | $3,301 +2.2% | $167,500 +23.7% |
| 2018 | $3,230 | $135,400 +26.8% |
| 2017 | -- | $106,800 +7.2% |
| 2016 | -- | $99,600 +11.2% |
| 2014 | -- | $89,600 +11.9% |
| 2012 | -- | $80,100 -19.2% |
| 2011 | -- | $99,100 -7.2% |
| 2010 | -- | $106,800 -4.7% |
| 2009 | -- | $112,100 +0% |
| 2008 | -- | $112,080 +0.3% |
| 2007 | -- | $111,760 +17.8% |
| 2005 | -- | $94,870 +7% |
| 2004 | -- | $88,670 +0.8% |
| 2003 | -- | $87,950 +31.9% |
| 2002 | -- | $66,700 +1.7% |
| 2001 | -- | $65,610 +32.1% |
| 2000 | -- | $49,670 |
Find assessor info on the county website
Neighborhood: 49684
Nearby schools
GreatSchools rating
- 8/10Central Grade SchoolGrades: PK-7Distance: 0.5 mi
- 7/10Central High SchoolGrades: 8-12Distance: 2.3 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 5.5 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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