701 Center Avenue Active Save Request In-Person Tour Request Virtual Tour
Bay City,MI 48708
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25008700
Year Built 1870
Annual Tax Amount $12,930
Tax Year 2023
Lot Size 0.333 Acres
Property Sub-Type 5+ Units
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, 10 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. 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 Outside Michric Area - Z
Interior
Heating Forced Air,Hot Water
Fireplaces Number 1
Laundry Common Area,In Basement
Exterior
Parking Features Unpaved
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Storm Sewer
View Y/N No
Building
Lot Description Level,Corner Lot
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Bay City
Others
Acceptable Financing Cash
Listing Terms Cash