49
See all 49 photos
$425,000
Est. payment /mo
0.62 Acres Lot
Active
1500 Center AVE Bay City, MI 48708
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026031029
Year Built 1900
Lot Size 0.620 Acres
Acres 0.62
Property Sub-Type MultiFamily
Property Description
Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years, this property offers stable occupancy and significant upside potential.Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof, helping reduce future capital expenditure needs.Located on one of Bay City's most iconic streets, the property is fully occupied and benefits from strong rental demand in the area. The property also features a detached garage and off-street parking, amenities that are increasingly difficult to find in historic multifamily properties.With below-market rents and long-term ownership, investors will appreciate the opportunity to increase income over time while acquiring a well-maintained asset in a highly desirable location. Whether you're looking for a long-term hold or a value-add investment,1500 Center Ave presents a compelling opportunity to grow your portfolio.
Don't miss your chance to own a classic Bay City investment property!
Don't miss your chance to own a classic Bay City investment property!
Location
State MI
County Bay
Area Area92102Baycity
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Cooling Wall Unit(s)
Fireplace No
Laundry CommonArea
Exterior
Parking Features Paved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Lot Description CornerLot, Level
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Bay City
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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Listed by Drew Denham of Keller Williams GR North
NEARBY SCHOOL & BUSINESS
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