1500 Center Avenue, Bay City, MI 48708
- $399,900
- List Price
- $399,900
- Price Change
- ▼ $25,100 1784928398
- Days on Market
- 37
- MLS#
- 26031029
- Status
- ACTIVE
- 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!
Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $4,224
- Acres
- 0.62
- Basement
- Full
- Heating
- Steam
- Roofing
- Composition
- School District
- Bay City
- Sewer
- Public Sewer
- Tenant Pays
- None
- Total Parking Spaces
- 5
- Utilities
- Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Drew Denham from Listing Office: Keller Williams GR North.
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