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, 9 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