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701 Center and 509 N Grant Avenue Unit 509 N Grant
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Open House

$965,000

701 Center and 509 N Grant Avenue Unit 509 N Grant

17 Beds 25 Baths 16,490 Sq.Ft.

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.

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Location

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

Status

Sold

Property Amenities

Interior
Fireplace Decorative Fireplace
Appliances Dryer, Range/Oven, Refrigerator, Washer, Gas
Total Bedrooms: 17
Full Bathrooms: 25
Other Interior Features Block, Finished, Full
Area & Lot
Lot Area 7,405.2 Sq.Ft.
Living area 16,490 Sq.Ft.
MLS® ID 50120206
Year Built 1910
School District Bay City School District
Architecture Styles Contemporary
Type Multi-Family
Status Sold
Exterior
Air conditioning Ceiling Fan(s)
Heat type Forced Air, Natural Gas
Water Source Public Water
Sewer Public Sanitary
Other Exterior Features Vinyl Siding
Parking 3 or More Spaces, Paved Driveway
Finance
Sales Price $965,000
Real Estate Tax $3,787 yearly
Shelley Niedzwiecki

Shelley Niedzwiecki

TITLE

Realtor®