The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Rockway Village Apartments in Shepherd, MI. This 33-unit asset consists of (2) 575 SF 1 Bed 1 Baths, (22) 765 SF 2 Bed 1 Baths, (8) 875 SF 3 Bed 1 Baths, and (1) 600 SF Office Unit (Currently Rented). Rockway Village was constructed in 2003-2004 and has been impeccably maintained by current ownership. This asset is individually metered for electric and outfitted with electric baseboard heat and individual electric AC Units, making tenants responsible for each. Historically operated at occupancy levels near 100%, residents enjoy amenities such as having coin operated laundry, living in a park like setting (12.58 acres), and in unit microwaves/dishwashers. Rockway Village is centrally located to many surrounding cities, being a 15 Minute Drive to Alma College and MyMichigan Medical Center in Alma, and a 10 minute drive to Central Michigan University and McLaren Hospital in Mt Pleasant. Rockway Village is being offered to the market as a stabilized turnkey, cash flowing asset with most all major capital improvements being completed. With minimal deferred maintenance on the property, a new investor can reap the rewards of immediate day 1 cash flow for years to come. As of August 2025, Rockway Village was 97% occupied, which is an easy indicator of rents being below market as the property currently sits today without having to make any additional upgrades. After doing an in depth rent comparable study located in the OM, it has been determined two bed and three bed units are $200-$250 below market. Please contact HMA for more information before this stabilized turnkey asset is gone.