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127 S Union St
Shepherd, MI 48883
Rockway Village Apartments · Multifamily Property For Sale · 33 Units

INVESTMENT HIGHLIGHTS

  • Constructed in 2003 and 2004; Impeccably Maintained
  • 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
  • Value Add Opportunity; Two Bed and Three Bed Units are $200-$250 below market
  • Tenant Paid Electric / Heat

PROPERTY FACTS

No. Units 33
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 12.83 AC
Building Size 30,062 SF
Average Occupancy 97%
No. Stories 2
Year Built/Renovated 1960/2003
Parking Ratio 1.29/1,000 SF
Zoning RM2 - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 33 - -
  • Listing ID: 37216164

  • Date on Market: 8/11/2025

  • Last Updated:

  • Address: 127 S Union St, Shepherd, MI 48883

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