About 1500 Center Avenue
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!
Features of 1500 Center Avenue
| MLS® # | 65026031029 |
|---|---|
| Price | $399,900 |
| Bathrooms | 0.00 |
| Acres | 0.62 |
| Year Built | 1900 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 1500 Center Avenue |
|---|---|
| Area | 92102 - Bay City |
| City | Bay City city |
| County | Bay |
| State | Michigan |
| Zip Code | 48708 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected |
|---|---|
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Steam |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Level |
|---|---|
| Construction | Vinyl Siding, Wood Siding, Other |
School Information
| District | Bay City |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams GR North |
|---|---|
| Contact Info | drewsellsgr@gmail.com |