1500 Center Avenue, Bay City, Michigan, 48708
0.62 Acres
7 bd
#26031029
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!
PROPERTY FEATURES
- Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Features: Paved
- Parking Total: 5
- Zoning Description : Commercial
- Cooling on Property:
- Cooling: Wall Unit(s)
- Heating on Property:
- Heating : Natural Gas, Steam
- Construction Materials: Vinyl Siding, Wood Siding, Other
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
PROPERTY DETAILS
ID: 26031029
Status: Active
Price: $380,000
Acres: 0.62 Acres
Price Per Acre: $612,903
Type: Multi-family
Address: 1500 Center Avenue
City, State: Bay City, Michigan
County: Bay
Zip Code: 48708
Lat/Long: 43.596702, -83.874453
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