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Additional details
$489,000
Est. payment /mo
1,016 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,016 sqft
Price per Sqft $481
Subdivision Village Of Shepherd
MLS Listing ID 79080067557
Style Colonial
Year Built 1850
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Isabella
Area Area37162Shepherdvlg
Rooms
Basement Daylight, Exterior Entry, Full, Partially Finished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Window Units
Flooring Hardwood
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement, Stone
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Shepherd
Others
Acceptable Financing Cash, Contract, FHA
Listing Terms Cash, Contract, FHA
Special Listing Condition Standard
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Listed by Dave Feger of EXP REALTY LLC
Nearby School & Business
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