701 Center Avenue Active Save Request In-Person Tour Request Virtual Tour
Bay City,MI 48708
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025008700
Bedrooms 1
Year Built 1870
Annual Tax Amount $12,930
Lot Size 0.330 Acres
Property Description
Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units--5 one-bedrooms, 1 two-bedroom, and 10 studios--blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 8 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth.Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically significant property with strong potential in a prime location.
Location
State MI
County Bay
Area Bay City
Zoning Other
Interior
Heating Forced Air,Hot Water
Laundry 1
Exterior
Garage Spaces 17.0
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Water Public (Municipal),Water at Street
Structure Type Brick
Schools
School District Bay City
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other