757 W Shepherd Street, Charlotte, MI 48813

$3,499,999

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

Current Price: $3,499,999 List Date: 11/01/2025 Last Modified: 8/03/2026

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, contact mxmulti@workwithmoxie.com.

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

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.

Status Change Info

Under Contract Date: 2026-07-30

More Information

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 #: 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 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: August - 03 - 2026

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