757 W Shepherd St - Apartments FOR SALE


Charlotte, MI 48813
$3,499,999 USD
989-980-7359
757 W Shepherd St, Charlotte, MI for Sale
$3,499,999 USD
Apartments - FOR SALE
1/46
null | 7.78% Cap Rate

757 W Shepherd St
Charlotte, MI 48813


HIGHLIGHTS

  • Value Add Opportunity
  • Below Market Rents
  • Well Maintained Asset

OVERVIEW

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, contact mxmulti@workwithmoxie.com.

FOR SALE DETAILS

PRICE

$3,499,999 USD

PRICE/SF

$66 USD /SF

# OF UNITS

46

PRICE/UNIT

$76,087

CAP RATE

7.78%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shaker House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

CM

APN/PARCEL ID

200-024-100-020-00

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.