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Jenn Smart

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1500 Center , Bay City, MI 48708
$399,900
Est. Payment: $2,083.93/mo
0 Bed
0 Bath
4731 Sqft
Status: active | Days on site: 34
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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 rental income 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 benefits from strong rental demand and features a detached garage along with 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 with substantial upside potential!

Highlights

Listed by Andrew Denham , 989-213-7217 Keller Williams Grand Rapids North , 616-291-7178. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.62

Year Built

1876

County

Bay

Area

Bay City (09016)

Listing ID

50212388

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:4731
Water:Public Water

Exterior Features

Lot Dimensions:100X135
Zoning:Multi-Family
Roof:Composite
Sewer:Public Sanitary
Parking Features:Off Street,Parking Lot
Principal Interest
$2,084
Taxes
$255

Home Price

$399,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$79,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,083.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,083.93 $254.94 $0.00 $2,338.87
Yearly $25,007.21 $3,059.24 $0.00 $28,066.45
Total $750,216.43 $91,777.05 $0.00 $841,993.48
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Bay City, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T01:10:54.300Z

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