$3,600,000
Charlotte, MI 48813
MLS# 25056177
1 / 46
Property 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, please email.
Details
Maps
Location Property Info
County: Eaton
Street #: 757
Street Direction: W
Street Name: Shepherd
Suffix: Street
State: MI
Zip Code: 48813
Area: Eaton County - E
OfficeContract Info
Status: Active
Current Price: $3,600,000
List Price: $3,600,000
Listing Date: 2025-09-29
General Property Info
Lot Measurement: Acres
Lot Square Footage: 65340
Lot Acres: 1.5
Lot Dimensions: 661x283
Year Built: 1968
New Construction: No
Cert of Compliance: No
Road Frontage: 661
Total # Units: 46
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Parking Spaces: 46
Waterfront: No
School District: Charlotte
Tax Info
Tax ID #: 200-024-100-020-00
Taxable Value: 937385
SEV: 1560900
For Tax Year: 2025
Seller's Annual Property Tax: 64314.14
Tax Year: 2024
Spec Assessment & Ty: NA
Zoning: NA
Remarks Misc
Directions: From I-69, head West on Shepherd St. Complex is located at the corner of Mikesell and Shepherd.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Net Operating Income: 283985
Operating Expense: 266128
Unit 1
Unit #: 1
Unit Description: Studio
Identical Units: 3
SqFt: 400
Occupied: Yes
Monthly Rent: 733
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2 Bed/1Bath
Identical Units: 37
SqFt: 1000
Occupied: Yes
Monthly Rent: 826
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 3 Bed/1.5 Bath
Identical Units: 3
SqFt: 1300
Occupied: Yes
Monthly Rent: 840
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 4
Unit #: 5
Occupied: Yes
Unit 5
Unit #: 5
Occupied: Yes
Unit 6
Unit #: 6
Occupied: Yes
Unit 7
Unit #: 7
Occupied: Yes
Unit 8
Unit #: 8
Occupied: Yes
Unit 9
Unit #: 9
Occupied: No
Unit 10
Occupied: Yes
Unit 11
Occupied: Yes
Unit 12
Occupied: Yes
Property Features
Laundry Features: Common Area
Exterior Material: Brick
Substructure: Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected
Util Avail at Street: Cable Available; Electricity Available; Public Sewer; Public Water
Extras: Carports; Laundry Facility
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Electric
Heat Type: Baseboard
Air Conditioning: Wall Unit(s)
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: MOXIE Real Estate + Development
Listing Agent: Shawn Jacobs
Last Updated: December - 01 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
