If you are looking for a recently remodeled & upscale investment property – welcome to The Gray House. 4 individual apartments, all recently redone & updated, making each unit its own charming, cozy nest. Sitting on 1.4 acres of prime Bellaire real estate, there is room for additional buildings or a myriad of other uses. Unit 4, is a 3 bedroom/2 bath 1600 sq ft, beautifully appointed & furnished unit, on 2 levels, which can serve as either a rental or your own home. A pristine creek runs through the back of the property for added Up North feel. The Gray House is within easy walking distance to downtown Bellaire, with all the quaint and charming eateries, shops & watering holes. Currently all units are on a 1-year lease, with annual income in excess of $50,000. Once these leases are up (staggered throughout the year), this would make a fantastic Short Term Rental property allowing you to greatly expand your rental opportunity. Showings can be scheduled on Tuesdays, Thursdays & Saturdays from 1-5, to accommodate the tenants currently residing there. Apartment details are in the Associated Docs. Excellent opportunity in Bellaire that does not become available often!
Sold for $490,000
$490,000
734 E Cayuga St, Bellaire, MI 49615
6beds
5baths
3,600sqft
Multi Family
Built in 1990
-- sqft lot
$575,500 Zestimate®
$136/sqft
$2,007 Estimated rent
Home value
$575,500
$518,000 - $639,000
$2,007/mo
Zestimate® history
Owner options
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$3,006/mo
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Zillow last checked:
Listing updated:
Listed by:
Janet Piscopo 231-384-0059,
Coldwell Banker Schmidt-Bellai 231-533-8641
Bought with:
Julia Pietrowicz, 6502372398
Keller Williams Northern Michigan
Source: NGLRMLS,MLS#: 1913443
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Forced Air, Hot Water, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Gas Water Heater
Features
- Other, Cable TV, High Speed Internet, WiFi
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: One Car, Paved, Concrete
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Countryside View
- Waterfront features: Creek
Lot
- Size: 1.4 Acres
- Dimensions: 204 x 292
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 054103000201
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Steel Siding, Vinyl Siding, Steel
- Foundation: Poured Concrete, Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Bellaire
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $687,400
- Annual tax amount: $13,709
- Price range: $490K - $490K
- Date on market: 7/17/2023
- Cumulative days on market: 87 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Private Owner
- Lease term: Not For Lease
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/12/2023 | Sold | $490,000-12.3%$136/sqft |
Source:  NGLRMLS #1913443 Report a problem | ||
| 10/9/2023 | Pending sale | $559,000$155/sqft |
Source: NGLRMLS #1913443 Report a problem | ||
| 7/17/2023 | Listed for sale | $559,000+66.9%$155/sqft |
Source: NGLRMLS #1913443 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/7/2020 | Listing removed | $334,900$93/sqft |
Source: Owner Report a problem | ||
| 10/19/2019 | Listed for sale | $334,900+94.7%$93/sqft |
Source: Owner Report a problem | ||
| 10/2/2019 | Listing removed | $800 |
Source: Owner Report a problem | ||
| 9/28/2019 | Listed for rent | $800 |
Source: Owner Report a problem | ||
| 10/1/2018 | Sold | $172,000-7%$48/sqft |
Source: Public Record Report a problem | ||
| 4/26/2018 | Listed for sale | $185,000$51/sqft |
Source: DEK Realty #1845403 Report a problem | ||
| 3/13/2018 | Listing removed | $185,000$51/sqft |
Source: DEK Realty #1838411 Report a problem | ||
| 11/15/2017 | Price change | $185,000+5.7%$51/sqft |
Source: DEK Realty #1838411 Report a problem | ||
| 9/13/2017 | Listed for sale | $175,000$49/sqft |
Source: DEK Realty #1838411 Report a problem | ||
| 7/31/2017 | Listing removed | $175,000$49/sqft |
Source: DEK Realty #1829154 Report a problem | ||
| 3/21/2017 | Price change | $175,000-2.2%$49/sqft |
Source: DEK Realty #1829154 Report a problem | ||
| 6/1/2015 | Listed for sale | $179,000-8.2%$50/sqft |
Source: Real Estate One-Traverse City #1785818 Report a problem | ||
| 8/2/2013 | Listing removed | $195,000$54/sqft |
Source: Real Estate One of Bellaire #1744308 Report a problem | ||
| 6/28/2013 | Listed for sale | $195,000$54/sqft |
Source: Real Estate One of Bellaire #1744308 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,709 +81.1% | $343,700 +41.8% |
| 2024 | $7,569 +3.4% | $242,300 +39.3% |
| 2023 | $7,321 | $174,000 +14.7% |
| 2022 | -- | $151,700 +8% |
| 2021 | -- | $140,500 +15.6% |
| 2020 | -- | $121,500 +55.4% |
| 2017 | $2,753 | $78,200 +6.1% |
| 2016 | -- | $73,700 -2.4% |
| 2015 | -- | $75,500 -4.6% |
| 2014 | -- | $79,100 +29.7% |
| 2013 | -- | $61,000 |
| 2011 | -- | $61,000 |
Find assessor info on the county website
Neighborhood: 49615
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Nearby schools
GreatSchools rating
- 6/10John R Rodger Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 6/10Bellaire Middle/High SchoolGrades: 6-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Bellaire 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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- Michigan
- Antrim County
- Bellaire
- 49615
- 734 E Cayuga St
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