About 323 W Wright Avenue
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.
Features of 323 W Wright Avenue
| MLS® # | 1944433 |
|---|---|
| Price | $489,000 |
| Bathrooms | 4.00 |
| Square Footage | 5,000 |
| Acres | 0.68 |
| Year Built | 1850 |
| Type | Multi-Family |
| Sub-Type | Multi Family |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 323 W Wright Avenue |
|---|---|
| Subdivision | Village of Shepherd |
| City | Shepherd |
| County | Isabella |
| State | MI |
| Zip Code | 48883 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | Storage, High Speed Internet |
|---|---|
| Appliances | Refrigerator, Washer, Dryer |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air, Window Unit(s) |
| Has Basement | Yes |
| Basement | Full, Daylight, Finished Rooms, Exterior Entry |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | 2+ Stories |
Exterior
| Exterior Features | Sidewalk, Rain Gutters |
|---|---|
| Lot Description | Landscaped |
| Roof | Metal |
| Construction | Frame, Wood Siding |
| Foundation | Stone |
School Information
| District | Shepherd Public School District |
|---|
Additional Information
| Days on Market | 28 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | EXP REALTY LLC |
|---|