757 W Shepherd Street, Charlotte, MI 48813 (MLS# 25056177)

757 W Shepherd Street, Charlotte, MI 48813

$3,600,000

Property Type: Multi Family Lot Size (sq. ft.): 65,340 Status: Active

Current Price: $3,600,000 List Date: 11/01/2025 Last Modified: 12/01/2025

Description

MOXIE is pleased to exclusively offer Shaker House Apartments for sale, a 46-unit apartment building. Shaker House features an attractive unit mix, including 4 studio apartments of approximately 400 SQft, 38 two-bedroom units averaging 1,000 sqft, and 4 three-bedroom, 1.5-bath units. The property has been well maintained. Currently operating at 96% physical occupancy, Shaker House has consistently maintained high occupancy levels over the years. Current rents remain below market, providing significant upside potential for new ownership. The property has demonstrated strong historical performance. Shaker House presents a well-located, stable investment opportunity in the growing Charlotte market ideal for an investor seeking value-add potential and long-term growth. To learn more or arrange a confidential tour, please email.

More Information MLS# 25056177

Location Property Info

County: Eaton Street #: 757 Street Direction: W Street Name: Shepherd Suffix: Street State: MI Zip Code: 48813 Area: Eaton County - E

OfficeContract Info

Status: Active Current Price: $3,600,000 List Price: $3,600,000 Listing Date: 2025-09-29

General Property Info

Lot Measurement: Acres Lot Square Footage: 65340 Lot Acres: 1.5 Lot Dimensions: 661x283 Year Built: 1968 New Construction: No Cert of Compliance: No Road Frontage: 661 Total # Units: 46 # of Diff Unit Floor Plans: 3 Total # Bldgs: 4 Total Parking Spaces: 46 Waterfront: No School District: Charlotte

Tax Info

Tax ID #: 200-024-100-020-00 Taxable Value: 937385 SEV: 1560900 For Tax Year: 2025 Seller's Annual Property Tax: 64314.14 Tax Year: 2024 Spec Assessment & Ty: NA Zoning: NA

Remarks Misc

Directions: From I-69, head West on Shepherd St. Complex is located at the corner of Mikesell and Shepherd.

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Income and Expenses

Net Operating Income: 283985 Operating Expense: 266128

Unit 1

Unit #: 1 Unit Description: Studio Identical Units: 3 SqFt: 400 Occupied: Yes Monthly Rent: 733 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 2

Unit #: 2 Unit Description: 2 Bed/1Bath Identical Units: 37 SqFt: 1000 Occupied: Yes Monthly Rent: 826 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: 3 Bed/1.5 Bath Identical Units: 3 SqFt: 1300 Occupied: Yes Monthly Rent: 840 Bedrooms: 3 Bathrooms: 2 Full Baths: 1 Half Baths: 1

Unit 4

Unit #: 5 Occupied: Yes

Unit 5

Unit #: 5 Occupied: Yes

Unit 6

Unit #: 6 Occupied: Yes

Unit 7

Unit #: 7 Occupied: Yes

Unit 8

Unit #: 8 Occupied: Yes

Unit 9

Unit #: 9 Occupied: No

Unit 10

Occupied: Yes

Unit 11

Occupied: Yes

Unit 12

Occupied: Yes

Property Features

Laundry Features: Common Area Exterior Material: Brick Substructure: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at Street: Cable Available; Electricity Available; Public Sewer; Public Water Extras: Carports; Laundry Facility Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Electric Heat Type: Baseboard Air Conditioning: Wall Unit(s) Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None

Listing Office: MOXIE Real Estate + Development

Listing Agent: Shawn Jacobs

Last Updated: December - 01 - 2025

757 W Shepherd Street, Charlotte, MI 48813- MLS# 25056177

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