Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom residential multi family at 323 W Wright Avenue in Shepherd, MI is listed for $489,000 ($98 per sqft). the home offers 5,000 sqft of living space on a 0.68 acres lot.
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.
Key Features
- 0.68 acre lot
- 1 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
323 W Wright Avenue
Shepherd, MI 48883
Features & Amenities
Interior Features
Property Details
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 323 W Wright Avenue is listed at $489,000 ($98/sqft). The estimated monthly payment is $2,119 based on 20% down at 6.5% interest.
Key features include: 0.68 acre lot, 1 parking spaces. Interior Features: Hardwood Floors, Laundry Hook-up, Storage Space.
This property is listed by Dave Feger and can be reached at 9899653075 or dfeger17@gmail.com.
