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701 Center Avenue, Bay City City, MI 48708
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$875,000
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Home Details for 701 Center Avenue
Price
$875,000
Type
Multi Family
Bedrooms
2
Year Build
1870
Lot Size
0.33
County
Bay
Basement
Full
Tax
$12,930.27
MLS®️ Listing#
65025008700
On exitrealty.com
244 days
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.
- 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.
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$875,000
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EXIT AHEAD REALTY
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