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MULTI_FAMILY - Bay City, MI
Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units-5 one-bedrooms, 1 two-bedroom, and 10 studios-blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 10 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth. Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically...
Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units-5 one-bedrooms, 1 two-bedroom, and 10 studios-blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 10 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth. Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically significant property with strong potential in a prime location.
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