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
757 W Shepherd Street, Charlotte, MI 48813
$3,600,000
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
Cross Streets: S State St.
Property Sub-Type: 5+ Units
Municipality: Charlotte City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 661x283
Road Frontage: 661
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 46
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Parking Spaces: 46
School District: Charlotte
Lot Measurement: Acres
Lot Square Footage: 65340
Lot Acres: 1.5
Year Built: 1968
Tax Info
Taxable Value: 937385
SEV: 1560900
For Tax Year: 2025
Seller's Annual Property Tax: 64314.14
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: NA
Zoning: NA
Tax ID #: 200-024-100-020-00
Remarks & Misc
Public Remarks: 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.
Legal: N 290 FEET OF W 1/2 OF E 1/2 OF NW 1/4 EXCEPT EASEMENT OVER N 33 FEET & W 33 FEET FOR STREET. SEC.24, T2N,R5W, CITY OF CHARLOTTE
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
Exterior Material
Brick: 1
Heat Source
Electric: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Paved: 1
Substructure
Other: 1
Extras
Carports: 1
Laundry Facility: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
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
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 5
Unit #: 5
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 6
Unit #: 6
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 7
Unit #: 7
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 8
Unit #: 8
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 9
Unit #: 9
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 10
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 11
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 12
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
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
Remarks Misc
Directions: From I-69, head West on Shepherd St. Complex is located at the corner of Mikesell and Shepherd.
Income and Expenses
Net Operating Income: 283985
Operating Expense: 266128
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
