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Open House

$560,000

701 Center

14 Beds 16 Baths 7,428 Sq.Ft.

Description

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. Today, it is a lovingly restored, solid, highly profitable 16 unit apartment home. With several long term tenants, all units are leased at a slightly below market rate (rents could comfortably run $40-50 higher per unit). Through the years, as tenants moved out, the current owners refreshed each unit (with the exception of 2 apts) with beautifully refinished hardwood floors, paint, vanities, and some bath/showers. Many units feature breathtaking original plaster adornment, towering ceilings, and ornate fireplaces! All have charming kitchens, and efficient bathrooms- efficiency apartments have murphy beds. In addition to rents, building includes a laundry facility with coin-operated machines.

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Location

701 Center, Bay City, MI 48708

Status

Sold

Property Amenities

Interior
Kitchen Dryer, Range/Oven, Refrigerator, Washer
Total Bedrooms: 14
Full Bathrooms: 16
Other Interior Features 9 ft Ceilings, Hardwood Floors, Block, Common, Egress/Daylight Windows, Full, Outside Entrance, Walk Out
Area & Lot
Lot Area 0.33 Acres
Living area 7,428 Sq.Ft.
MLS® ID 50044950
Year Built 1876
School District Bay City School District
Architecture Styles Victorian
Type Multi-Family
Status Sold
Exterior
Air conditioning None
Heat type Radiator, Steam, Natural Gas
Water Source Public Water
Sewer Public Sanitary
Other Exterior Features Porch, Brick
Parking 3 or More Spaces, Unassigned/General
Finance
Sales Price $560,000
Real Estate Tax $4,661 yearly
Shelley Niedzwiecki

Shelley Niedzwiecki

TITLE

Realtor®