Property Type:
Multi Family
Lot Size (sq. ft.):
65,340
Status:
Active
Current Price:
$3,550,000
List Date:
11/01/2025
Last Modified:
2/24/2026
757 W Shepherd Street, Charlotte, MI 48813
$3,550,000
Overview
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.
Listing Details MLS# 25056177
Location Property Info
- County
- Eaton
- Street #
- 757
- Street Direction
- W
- Street Name
- Shepherd
- Suffix
- Street
- State
- MI
- Zip Code
- 48813
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
- Basement
- Yes
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
- Homestead %
- 0
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
More Information
Access Feat
- Accessibility Features
- No
Income and Expenses
- Net Operating Income
- 283985
- Operating Expense
- 266128
Unit 1
- Unit #
- Yes
- Unit Description
- Studio
- Identical Units
- 3
- SqFt
- 400
- Occupied
- Yes
- Monthly Rent
- 733
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- 2 Bed/1Bath
- Identical Units
- 37
- SqFt
- 1000
- Occupied
- Yes
- Monthly Rent
- 826
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 3
- Unit #
- 3
- Unit Description
- 3 Bed/1.5 Bath
- Identical Units
- 3
- SqFt
- 1300
- Occupied
- Yes
- Monthly Rent
- 840
- Bathrooms
- 2
- Full Baths
- Yes
- Half Baths
- Yes
Unit 4
- Unit #
- 5
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 5
- Unit #
- 5
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 6
- Unit #
- 6
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 7
- Unit #
- 7
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 8
- Unit #
- 8
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 9
- Unit #
- 9
- Occupied
- No
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 10
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 11
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 12
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Location & Property Info
- Cross Streets
- S State St.
- Property Sub-Type
- 5+ Units
- Area
- Eaton County - E
- Municipality
- Charlotte City
Office/Contract Info
- Auction or For Sale
- For Sale
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
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Electricity Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Mineral Rights
- Unknown
- Yes
Laundry Features
- Common Area
- Yes
Exterior Material
- Brick
- Yes
Heat Source
- Electric
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Baseboard
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
Driveway
- Paved
- Yes
Substructure
- Other
- Yes
Extras
- Carports
- Yes
- Laundry Facility
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- 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: February - 24 - 2026
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.
