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$875,000
Est. payment /mo
7,368 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $118
Subdivision Mi
MLS Listing ID 25008744
Year Built 1876
Annual Tax Amount $12,930
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 105x100
Property Sub-Type Business
Property Description
Welcome to 701 Center Ave, a historic Second Empire home built in 1876 by James Shearer and his wife, Margaret. This property is rich in charm and character. The building offers 16 updated apartments, including 5 one-bedrooms, 1 two-bedroom, and 10 studios. Architectural details include a grand staircase, intricate plasterwork, and multiple fireplaces. Modern amenities include off-street parking, an in-house laundry facility, and efficient boiler heating. The owner covers gas, water, and sewer. Recent updates include a new roof, resealed and painted windows, new gutter system, plus so much more. With its prime location and unique character, 701 Center Ave presents a strong opportunity for repositioning to maximize financial return, whether through long or short-term rentals. Located just
Location
State MI
County Bay
Area Bay City (09016)
Interior
Heating Baseboard, Forced Air
Exterior
Parking Features 11-20 Spaces
Building
Foundation Basement
Water Public Water
Structure Type Brick,Concrete
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash
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Listed by Keller Williams GR North
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