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701 Center and 509 N Grant Avenue Bay City, MI 48708
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Key Details
Sold Price $965,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,490 sqft
Price per Sqft $58
Subdivision Mi
MLS Listing ID 50120206
Sold Date 02/06/24
Style More than 2 Stories
Bedrooms 17
Full Baths 25
Year Built 1910
Annual Tax Amount $3,787
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions irreg
Property Description
(CENTER Ave. info) This exquisite Second Empire home was constructed in 1876 by James Shearer, for he and his wife Margaret. History runs deep in its veins, including a personal letter from Thomas Edison, asking the Shearers to use their home to showcase his new technology: electricity. This magnificent structure features an abundance of historical charm & appointments, from the grandiose staircase, to intricate plasterwork, to multiple gorgeous fireplaces! You're sure to appreciate the 16 lovingly updated apartments, plenty of off street parking, in-house laundry facility, and the completely restored (2021) soffit system! This building is heated by 2 boilers. Tenants pay their own electric (appx $25/month) A stone's throw from Bay City's famous & bustling downtown with endless entertainment options, fine dining, neighborhood style pubs, shopping & offices, and much more! (GRANT St. info) This fantastic income generating 9 unit has been recently updated from the mansard roof (2023) to the road (yep, you read that correctly- this up & coming stretch of North Grant Street has received a total facelift this year and is sporting new asphalt!)! Fresh paint throughout, and new flooring & fixtures through much of the building allows your tenants to enjoy comfortable living in a convenient location! This massive, multi-level building features 8 1BR apartments and 1 2BR apt (2 are located in the lower level, and #9 is in the back of the building accessed by a ramp and entered by its expanded width door). Community laundry, and off street parking in the adjoining parking lot complete the package. Each apartment has its own furnace. Tenants pay their own electric. Rent rolls & expenses in the docs.
Location
State MI
County Bay
Area Bay City (09016)
Zoning Commercial
Rooms
Basement Block, Finished, Full
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplaces Type Decorative Fireplace
Fireplace Yes
Appliance Dryer, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Vinyl Siding
Building
Story More than 2 Stories
Foundation Basement
Water Public Water
Structure Type Vinyl Siding
Schools
School District Bay City School District
Others
Ownership LLC
SqFt Source Measured
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with eXp Realty