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Jessica A Wilson

jannewilsonrealtor@gmail.com +1(313) 399-5605

$ 425,000

Est. payment | -/mo

0.62 Acres Lot

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$ 425,000

Est. payment | -/mo

Save

0.62 Acres Lot

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!

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

Listed by Drew Denham of Keller Williams GR North

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI, 48101-2036, USA

Learn More About LPT Realty

1500 Center AVE Bay City, MI 48708