Shaker House Apartments For
For Sale
$3,499,999
Pending
757 W Shepherd St, Charlotte, MI 48813
46-unit apartment building with value-add potential in growing Charlotte market.
Property Size1,000 SF
Lot Size1.50 Acres
Days on Market165
Property Features for 757 W Shepherd St
General Information
Standard status
Pending
Size
1,000 SF
Lot size
1.50 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$64,314
Building Details
Year Built
1968
Units
46
Listing Agency:
MOXIE
(616) 706-6086
Listed By:
Kyle J Kimble · License #6501370018
(616) 706-6086
Source:
Elliman
Added: Mar 10
Changed: Aug 15
Last Checked: Aug 20 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MOXIE
Investment Insights
Based on property information with market context.
Shaker House Apartments, a 46-unit apartment building, is available for sale. The property features a unit mix that includes 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 remain below market, providing significant upside potential for new ownership. Shaker House presents a stable investment opportunity in the growing Charlotte market, ideal for an investor seeking value-add potential and long-term growth.
Key Highlights
- High Occupancy: Consistently maintained at 96%, indicating strong tenant demand and stable income.
- Value‑Add Potential: Below‑market rents offer significant upside for increased revenue.
- Attractive Unit Mix: Diverse mix of studio, two‑bedroom, and three‑bedroom units caters to a wide range of tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 48813, MI
21,068
Population
8,174
Households
2.6
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
168.1 sq mi
ZIP Area
125
Density / Sq Mi
$77,431
Median Household Income
$41,723
Median Earnings
$870
Median Rent
$178,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 46-unit apartment building with value-add potential in growing Charlotte market.
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 $3,499,999.
What are key features of this property?
This property features: High Occupancy: Consistently maintained at 96%, indicating strong tenant demand and stable income.; Value‑Add Potential: Below‑market rents offer significant upside for increased revenue.; Attractive Unit Mix: Diverse mix of studio, two‑bedroom, and three‑bedroom units caters to a wide range of tenants.
