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28001090
28001088

757 W Shepherd St, Charlotte, MI 48813

SJ
MI MI 6501370018, MI 6501370018
MOXIE
Listed by MOXIE
$3,499,999
239 days on market
Updated 66 days ago

Shaker House Apartments

Details
APN 200-090-001-091-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 48,384
Units 46
Cap Rate 7.78%
NOI $272,150
Occupancy 96%
Price per SqFt $72
Year Built 1968
Investment Type Value Add

Multifamily | 46 Units | $76,087/unit

Marketing description

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.

Investment highlights

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.

Listing Contacts

SJ
MI MI 6501370018, MI 6501370018
MOXIE
Listed by MOXIE

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$272,150.00
$22,679.17/mo

Valuation Metrics

0
DSCR
7.78%
Cap Rate
7.78%
ROI

Map

Zoning

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RM-2 ResidentialMulti FamilyMultiple Family Residential
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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Shawn Jacobs
License
MI 6501370018
Brokerage Phone
9899807359
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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