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    757 W Shepherd St Charlotte, MI 48813

    For Sale
    $3,600,000

    MULTI_FAMILY - Charlotte, MI

    Lot size:
    1.50 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 8 at 10:06 am

    Property Features for 757 W Shepherd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 6, Bathroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
    Bedrooms
    6
    APN
    200-024-100-020-00
    Parking
    46
    Lot size
    1.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1968
    Number of units
    46
    Building materials
    Brick

    MOXIE Real Estate + Development (616) 890-7794

    Listing agent Shawn Jacobs (616) 227-9744

    Listing date Nov 24, 2025

    MLS# 25056177 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shaker House Apartments For Sale

    Shaker House Apartments, a 46-unit apartment building, is available for sale. The property features a mix of units, including 4 studio apartments of approximately 400 square feet, 38 two-bedroom units averaging 1,000 square feet, and 4 three-bedroom, 1.5-bath units. The property has been well maintained and is currently operating at 96% physical occupancy, with consistently high occupancy levels maintained over the years. Current rents are below market, providing upside potential for new ownership. The property has demonstrated strong historical performance and is located in the growing Charlotte market. The property is situated on a 1.5-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shaker House Apartments ... Apartment Complex Shaker House Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Eaton
    State
    Michigan
    Longitude
    -84.849338
    Latitude
    42.553102

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    FAQs

    What type of property is this?
    Apartment building - 46-unit apartment building with value-add potential in Charlotte, MI.
    Where is this apartment building located?
    The property is located at 757 W Shepherd St Charlotte, MI.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Value-add potential through below-market rents.; - High historical occupancy rate (currently 96%).; - Attractive unit mix with a majority of two-bedroom units.
    (616) 227-9744
    Request Owner's contact information
    757 W Shepherd St Charlotte, MI 48813
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    Charlotte, MI 48813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    757 W Shepherd St Charlotte, MI 48813
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