757 W Shepherd Street
Charlotte, MI 48813

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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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Eaton County
• Zip Code: 48813
• Year Built: 1968
• School District: Charlotte
• Units: 46 units
• Basement: Yes, Yes
• # of Parking Spaces: 46
• Lot Size: 1.5 acres
• Construction Materials: Brick
• Cooling: Wall Unit(s)
• Cross Street: S State St.
• Directions: From I-69, head West on Shepherd St. Complex is located at the corner of Mikesell and Shepherd.
• Driveway: Paved
• Extras: Carports, Laundry Facility
• Heat Source: Electric
• Heat Type: Baseboard
• Heating: Baseboard
• Laundry Features: Common Area
• Lot Size Area: 1.5
• Lot Size Square Feet: 65340
• Lot Size Units: Acres
• MLS Area Major: Eaton County - E
• MLS Area Minor: Eaton County - E
• Main Type: Multi Family
• Number Of Buildings: 4
• Number Of Diff Unit Floor Plans: 3
• Operating Expense: 266128
• Owner Pays: Sewer, Trash Collection, Water
• Parcel Number: 200-024-100-020-00
• Parking Features: Paved
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 661
• Road Surface Type: Paved
• SEV: 1560900
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 64314.14
• Tax Legal Description: 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
• Tax Year: 2024
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Township: Charlotte City
• Util Availat Street: Cable Available, Electricity Available, Public Sewer, Public Water
• Utilities: Electricity Connected, Cable Available, Electricity Available
• Water Access: No
• Water Source: Public Water