Sold

465 W Wright Avenue, Shepherd, MI 48883

Sold on 04/20/2026 for$525,000

MLS # 1941951 (Northern Great Lakes REALTORS® MLS)

Built 20030.35 acres

Listing Description

465 W Wright Ave is an 8-unit multifamily property consisting of two buildings with four units each. Each building features its own on-site laundry facility, providing tenant convenience and additional income potential. Each unit is 1 bedroom 1 bathroom. Located on a quiet residential street with easy access to local amenities, this asset offers stable rental demand and long-term upside in the Mid-Michigan market. Ideal for both new and experienced investors seeking reliable cash flow.

Source: SparkMLS

About this home

This 1-bath home built in 2003 sits in Shepherd Village in Shepherd.

Final sale price: $525,000.

Electric service is provided by Consumers Energy Company.

Listing Property Details

Property TypeMulti Family

Bathrooms1

Lot Size0.35 acres

Year Built2003

Location

CityShepherd

Zip Code48883

CountyIsabella

Construction & Systems

BasementCrawl Space

HeatingForced Air

WaterPublic

SewerPublic

Sale & Financing

Listed1/28/2026

Sold Date4/19/2026

Terms AcceptedCash, Conventional

Source: SparkMLS

Property Records

FEMA Flood Zone: Zone X — Minimal flood risk

Source: FEMA NFHL

USDA Rural Development: Eligible — 0% Down Payment Available

Verify eligibility at USDA

Listed by Gavin Percha

Unknown Office

Frequently Asked Questions about 465 W Wright Avenue, Shepherd, MI 48883

What type of financing is accepted for this listing?

Per MLS# 1941951, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.

Can I use a USDA Rural Development loan for this property?

Per USDA Rural Development boundary data, 465 W Wright Avenue, Shepherd, MI 48883 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.

USDA Eligibility Map

Is 465 W Wright Avenue, Shepherd, MI 48883 in a flood zone?

Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.

FEMA Flood Map

What utilities serve 465 W Wright Avenue, Shepherd, MI 48883?

Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.

Consumers Energy Company Consumers Energy Company MI Public Service Commission

What is the crime rate in this area?

For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.

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