Bay City, MI 48708,701 Center and 509 N Grant Avenue
Bay City, MI 48708,701 Center and 509 N Grant Avenue
Bay City, MI 48708,701 Center and 509 N Grant Avenue
58
$965,000
$1,100,000
12.3%
Est.Price: ?

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17 BD
25 BA
16,490 SqFt

701 Center and 509 N Grant Avenue Bay City, MI 48708

Est. payment /mo
SOLD DATE : 02/06/2024

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Ayre/Rhinehart Bay REALTORS
Bought with eXp Realty

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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