701 Center Avenue, Bay City, MI 48708 - MLS#65025008700

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Annette HIbbler

ahibblerrealestate@gmail.com +1(810) 255-8135

$875,000

Est. payment - /mo

1 Bed

0.33 Acres Lot

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025008700

Bedrooms 1

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1870

Annual Tax Amount $12,930

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 105x100

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

Direction East off of N Madison, North on Center, the building is on the north side of Center.

Interior

Interior Features Laundry Facility

Heating Forced Air, Hot Water

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 17.0

Road Frontage Paved

Garage no

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

Pets Allowed Yes

Tax ID 16002145400300

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

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Listed by Drew Denham of Keller Williams GR North

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