Pending

701 Center and 509 N Grant Avenue Unit 509 N Grant

Bay City MI, 48708

$1,100,000


$95.94 per sqft

Pending

17 Beds

25 Baths

11,466 sqft

Multi-family

Built in 1910

Courtesy of Shelley Niedzwiecki with Ayre/Rhinehart Bay REALTORS

(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.

50120206

MLS ID

August 26, 2023

Listed

December 5, 2023

Updated

Map

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

Interior Features

Bedrooms

17 Beds


Bathrooms

25 Baths


Appliances

Dryer, Range/Oven, Refrigerator, Washer


Fireplace

Yes


Fireplace Description

Decorative Fireplace


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.17 acres


Exterior Features

Vinyl Siding


Architectual Style

Contemporary

School Information

School District

Bay City School District

Other Property Details

Area Name

Bay City (09016)


Garage

Yes


Parking

3 or More Spaces, Paved Driveway


View

No


County

Bay


Water Source

Public Water


Pool

No


Zoning

Commercial

Listing History

Date

Event

Price

12/5/2023

Pending

9/23/2023

Under Contract

Listing Contact: 989-415-2251 

Based on information from Bay County REALTORS® Association (BCRA) / MiRealSource as of 12/5/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2023 Bay County REALTORS® Association (BCRA) / MiRealSource all rights reserved.

Data last updated 11:48 PM UTC, 12/5/2023

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