$425,000
Bay City, MI 48708
MLS# 26031029
1 / 49
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,
Details
Location & Property Info
Cross Streets: Birney
Property Sub-Type: 5+ Units
Municipality: Bay City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 100x135
Road Frontage: 100
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: 2
Total Parking Spaces: 5
School District: Bay City
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 27007
Lot Acres: 0.62
Year Built: 1900
Tax Info
Taxable Value: 67031
SEV: 125050
For Tax Year: 2025
Seller's Annual Property Tax: 4224.63
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: none known
Zoning: Commercial
Tax ID #: 09-160-022-358-001-00
Remarks & Misc
Public Remarks: 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,
Legal: LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Other: 1
Exterior Material
Vinyl Siding: 1
Wood Siding: 1
Other: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Steam: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Full: 1
Extras
Laundry Facility: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 1
SqFt: 675
Occupied: Yes
Monthly Rent: 700
Bedrooms: 1
Bathrooms: 2
Full Baths: 2
Unit 2
Unit Description: 2
SqFt: 675
Occupied: Yes
Monthly Rent: 595
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 675
Occupied: Yes
Monthly Rent: 460
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
SqFt: 675
Occupied: Yes
Monthly Rent: 525
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 5
SqFt: 675
Occupied: Yes
Monthly Rent: 695
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: 6
SqFt: 675
Occupied: Yes
Monthly Rent: 595
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: 7
SqFt: 675
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Monthly Rent: 395
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Bay
Street #: 1500
Street Name: Center
Suffix: Avenue
State: MI
Zip Code: 48708
Zip (4): 5101
OfficeContract Info
Status: Active
Current Price: $425,000
List Price: $425,000
Listing Date: 2026-06-22
Property Features
Exterior Material: Vinyl Siding; Wood Siding; Other
Roofing: Composition
Substructure: Full
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Laundry Facility
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Steam
Air Conditioning: Wall Unit(s)
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Supplements
1500 Center Ave presents a compelling opportunity to grow your portfolio.
Don't miss your chance to own a classic Bay City investment property!
Listing Office: Keller Williams GR North
Listing Agent: Drew Denham
Last Updated: June - 29 - 2026
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