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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1500 Center Ave , Bay City, MI 48708
$399,900
Est. Payment: $2,059.28/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 38
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

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 occupancy 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 is fully occupied and benefits from strong rental demand in the area. The property also features a detached garage and 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!

Highlights

Listed by Drew Denham , 616-920-1953 Keller Williams GR North , 616-447-9100. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.62

Year Built

1900

County

Bay

School District

Bay City

Listing ID

26031029

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Wall Unit(s)
Fireplaces:
Basement:Full

Exterior Features

Lot:Level,Sidewalk,Corner Lot
Garage Capacity:5
Roof:Composition
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$2,059
Taxes
$352

Home Price

$399,900

Loan Details

30 yrs
6.676%

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:
$2,059.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,059.28 $352.05 $0.00 $2,411.34
Yearly $24,711.39 $4,224.63 $0.00 $28,936.02
Total $741,341.82 $126,738.90 $0.00 $868,080.72
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC