Rare Historic Multi-Family Opportunity in a prime Main Street location! Built by the original founder of Shepherd, this unique historic property offers exceptional income potential in the heart of Central Michigan. With over 5,000 finished sq ft, the building was previously configured as four separate apartment units, making it ideal for investors looking to restore a traditional 4-unit rental with two upper and two lower units, or explore flexible options such as short term rentals or an owner-occupied income property. The spacious layout includes a full basement, offering additional storage or future expansion possibilities. Situated on a generous lot, the property features an open side yard and a large parking area to accommodate tenants and guests. Located adjacent to a family-friendly park, directly across from popular restaurants and thriving local businesses, and less than 10 minutes from Central Michigan University, Soaring Eagle Casino & Resort, and Alma College, this property offers both convenience and strong rental appeal. Whether you're looking to expand your portfolio or create a one-of-a-kind income-producing property, the possibilities here are truly endless.
Listed By
Agency Name: EXP REALTY LLC
Agency Phone: 888-501-7085
Shown By
Agent Name: Lydia Walls
Agent Phone: (937) 935-5597
Agency Title: Key Realty
Estimated Payment
$ 2,877.95 per month $2,735.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $142.63 Homeowner's Insurance
323 Wright Avenue W | MLS# 1944433
This multi-family property located at 323 Wright Avenue W, Shepherd, MI 48883 is currently listed for sale with an asking price of $489,000. Wright Avenue W is located within the Shepherd Public School District school district. Search Shepherd real estate on www.lydiawalls.com today.