757 W Shepherd St, Charlotte, MI 48813

Building Details

Year Built

1968

Listing office MOXIE Real Estate + Development k***@workwithmoxie.com Show Phone

Listing date Mar 10, 2026

Source Elliman

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Overview

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.

Suggested Use

Gym & Fitness Center Bar & Pub Grocery & Convenience Store Nursing Home Electrical Service Cafe & Coffee Shop Travel Agency Cosmetic Store (Bike/Boat/Book/etc) Store Spa & Massage Center

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

Location Insight

• Map
• Local Demand

City

Charlotte

County

Eaton

State

Michigan

Longitude

-84.8496

Latitude

42.5531

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FAQs

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.