757 W Shepherd St Charlotte, MI 48813
Estimated payment $24,338/month
Highlights
- 1.5 Acre Lot
- Baseboard Heating
- Laundry Facilities
- Cooling System Mounted In Outer Wall Opening
About This Home
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 Agent
MOXIE Real Estate + Development License #6501370018 Listed on: 11/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $64,314
Year Built
- Built in 1968
Lot Details
- 1.5 Acre Lot
- Lot Dimensions are 661x283
Home Design
- Brick Exterior Construction
Parking
- 46 Parking Spaces
- Paved Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Cable TV Available
Additional Features
- Basement
Listing and Financial Details
- The owner pays for sewer, trash collection, water
Community Details
Overview
- 4 Buildings
- 46 Units
Amenities
- Laundry Facilities
Building Details
- Operating Expense $266,128
- Net Operating Income $283,985
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $40,981 | $1,560,900 | $0 | $0 |
| 2024 | $39,799 | $909,200 | $0 | $0 |
| 2023 | $30,845 | $909,200 | $0 | $0 |
| 2022 | $45,636 | $677,200 | $0 | $0 |
| 2021 | $37,281 | $643,600 | $0 | $0 |
| 2020 | $34,692 | $612,000 | $0 | $0 |
| 2019 | $34,104 | $1,630,100 | $0 | $0 |
| 2018 | $33,244 | $532,915 | $0 | $0 |
| 2017 | $34,459 | $532,915 | $0 | $0 |
| 2016 | -- | $532,915 | $0 | $0 |
| 2015 | -- | $532,915 | $0 | $0 |
| 2014 | -- | $389,015 | $0 | $0 |
| 2013 | -- | $458,681 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | Price Changed | $3,499,999 | -1.4% | -- |
| 02/19/2026 02/19/26 | Price Changed | $3,550,000 | -1.4% | -- |
| 11/01/2025 11/01/25 | For Sale | $3,600,000 | 0.0% | -- |
| 11/15/2024 11/15/24 | Price Changed | $775 | +34.8% | $2 / Sq Ft |
| 04/11/2024 04/11/24 | For Rent | $575 | -- | -- |
Source: MichRIC
MLS Number: 25056177
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.