Seven-Unit Apartment Building with
For Sale
$399,900
1500 Center Ave, Bay City, MI 48708
Well-maintained seven-unit apartment building with rebuilt steam boiler system, new roofs, and detached garage with off-street parking.
Property SizeContact for details
Days on Market48
Property Features for 1500 Center Ave
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$4,224
Building Details
Year Built
1900
Units
7
Listing Agency:
Grand Rapids North Market Center, LLC
(616) 920-1953
Listed By:
Drew Denham · License #6506047679
(616) 920-1953
Source:
Elliman
Added: Jun 23
Changed: Aug 7
Last Checked: Aug 9 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grand Rapids North Market Center, LLC
Investment Insights
Based on property information with market context.
1500 Center Ave is a seven-unit apartment building offered for sale in Bay City. The property includes multiple residential units with a detached garage and off-street parking. Recent capital improvements include a complete rebuild of the steam boiler system, along with a new porch roof and a new garage roof. The building has been owned by the same family for the past 30 years, and it is currently fully occupied.
The property is located on Center Ave in Bay City’s historic Center Avenue corridor. It benefits from an in-place tenant base and rental occupancy today, providing immediate income for an owner looking to take over operations with minimal disruption.
For buyers seeking a residential income property that is already performing as a fully occupied, well-cared-for asset, this offering provides a practical mix of existing units and usable site improvements. The detached garage and off-street parking can be a differentiator for tenants, and the recent boiler and roofing updates help reduce near-term building maintenance concerns.
The property is located on Center Ave in Bay City’s historic Center Avenue corridor. It benefits from an in-place tenant base and rental occupancy today, providing immediate income for an owner looking to take over operations with minimal disruption.
For buyers seeking a residential income property that is already performing as a fully occupied, well-cared-for asset, this offering provides a practical mix of existing units and usable site improvements. The detached garage and off-street parking can be a differentiator for tenants, and the recent boiler and roofing updates help reduce near-term building maintenance concerns.
Key Highlights
- 7‑unit apartment building on Bay City’s Center Avenue corridor (built in 1900).
- Fully occupied with long‑term ownership and stable occupancy reported in the listing.
- Recent improvements: complete rebuild of the steam boiler system.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 48708, MI
25,860
Population
12,625
Households
2
Avg Household Size
41
Median Age
17%
College-Educated
89%
High-School Grad
29.1 sq mi
ZIP Area
889
Density / Sq Mi
$50,216
Median Household Income
$31,978
Median Earnings
$703
Median Rent
$98,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained seven-unit apartment building with rebuilt steam boiler system, new roofs, and detached garage with off-street parking.
Where is this apartment building located?
The property is located at 1500 Center Ave Bay City, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 7‑unit apartment building on Bay City’s Center Avenue corridor (built in 1900).; Fully occupied with long‑term ownership and stable occupancy reported in the listing.; Recent improvements: complete rebuild of the steam boiler system.
