Great investment opportunity in Bay City with this fully occupied multi-unit property featuring three units. Units include an efficiency unit, a spacious one bedroom unit, and a large unit with two bedrooms and two bathrooms. Tenants enjoy shared basement access with coin operated laundry. Recent upgrades include sewer line replacement in 2023, updated appliances, and new basement windows. Rents currently totaling $1,945 and seller pays all utilities. Located within walking distance to many amenities this property offers immediate rental income and is ideal for investors!
This three unit sits on an oversized lot in Bay City's Westside. There are two one bedroom units and one two bedroom unit. Features include a new roof in 2024, ample off street parking, shed and a basement with laundry. All the units are currently leased. The home is representative of Bay City's rich history. You will be instantly welcomed by the inviting front porch.
Unique opportunity to become a part of Bay Cityâ??s history: for your consideration is a 8622 Sq.Ft. Tudor-style mansion built in 1900, converted into spacious,comfortable apartments in the 20s. With this purchase, you are not only buying into Center Ave royalty, you are purchasing a highly successful rental and Airbnb business. The owner has carefully and meticulously upgraded the units with modern appliances, appealing design and luxury finishes to highlight the features that you only see in historic mansions. The tenants and guests enjoy the tall ceilings, hardwood floors and sprawling spaces these units provide.The AirBNB vacation rental business has been successfully in place since 2018 and has a loyal following of repeat guests. There's really no other place in the Tri Cities that offers this experience to travelers, providing the unique experience of Center Ave at its height. Meanwhile, the vacation rental units generate consistent and solid revenue for the owner, while the rental units ensure a strong, steady monthly income to serve as proof against potential market downturns. 48 hour notice for showings and need to work around AirBNB schedule.
A glamorous historic gem, located on Bay City's iconic Center Avenue! This stunning building offers 11 abundantly proportioned units, and is in a prime location for a STR type conversion! Your tenants will enjoy Bay City's famous St. Patrick's Day Parade passing by their front yard, views of our fireworks, and will be moments from all of the excitement downtown has to offer! Building includes a full service coin-operated laundry room, freight elevator for ease of move-ins, storage rooms in the basement for each unit, and a spacious 9 vehicle garage. Sweeping city views from most windows & charming (inoperative) fireplaces provide ambiance; formal dining rooms, large living rooms, and most units are 2-3 BRs. New steam boiler in Dec. 2022, new garage roof, and several units have had recent major remodels!
Bay City is located in Michigan. Bay City, Michigan has a population of 33,736. Bay City is less family-centric than the surrounding county with 22.92% of the households containing married families with children. The county average for households married with children is 24.51%.
The median household income in Bay City, Michigan is $36,263. The median household income for the surrounding county is $45,983 compared to the national median of $57,652. The median age of people living in Bay City is 37 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.6 inches per year, with 41 inches of snow per year.
