50
See all 50 photos
$819,900
Est. payment /mo
7,428 SqFt
Active
701 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
Square Footage 7,428 sqft
Price per Sqft $110
MLS Listing ID 65025008700
Year Built 1870
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type MultiFamily
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.
Location
State MI
County Bay
Area Area92102Baycity
Rooms
Basement Full
Interior
Heating ForcedAir, HotWater, NaturalGas
Fireplace No
Laundry CommonArea, InBasement
Exterior
Parking Features Unpaved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Building
Lot Description CornerLot, Level
Sewer PublicSewer, SewerAtStreet, StormDrain
Water Public
New Construction No
Schools
High Schools Baycity
School District Baycity
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
©2025 Realcomp II Ltd. Shareholders
Listed by Drew Denham of Keller Williams GR North (Main)
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