MI
Bay
Bay City City
48708
701 Center Avenue
701 Center Avenue, Bay City City, MI 48708
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Listing Type
Multi Family
Listing Status
active
50
$875,000

Home Details for 701 Center Avenue

Price
$875,000
Type
Residential Income
Bedrooms
2
Bathrooms
Square feet
NaN
Year built
1870
Lot size acres
0.33
County
Bay
Garage
Basement
Full
Days on site
260
MLS Listing#
65025008700
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.

Property Features
  • Utilities
    • Electricity Connected
    • Natural Gas Connected
    • Phone Available
    • Sewer Connected
    • Sewer Available
  • Heating Information
    • Forced Air
    • Hot Water
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • Unpaved
  • Basement
    • Full
Listing Courtesy: Keller Williams GR North (Main) - 616-447-9100
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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