Log In/Sign Up
Your email has been sent.
Shaker House 757 W Shepherd St 46 Unit Apartment Building $3,600,000 ($78,261/Unit) 7.56% Cap Rate Charlotte, MI 48813
EXECUTIVE SUMMARY
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 Listings@workwithmoxie.com.
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 Listings@workwithmoxie.com.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,600,000 | Apartment Style | Garden |
| Price Per Unit | $78,261 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.70 AC |
| Cap Rate | 7.56% | Building Size | 53,223 SF |
| Gross Rent Multiplier | 6.74 | Average Occupancy | 93% |
| No. Units | 46 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | CM - Commercial use | ||
| Price | $3,600,000 |
| Price Per Unit | $78,261 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| Gross Rent Multiplier | 6.74 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 53,223 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | CM - Commercial use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Dining Room
- Intercom
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Laundry Service
- Pet Play Area
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $800.00 | 400 |
| 2+1 | 38 | $950.00 | 1,000 |
| 3+2 | 4 | $1,200 | 1,600 |
1 1
PROPERTY TAXES
| Parcel Number | 200-024-100-020-00 | Total Assessment | $1,560,900 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
200-024-100-020-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,560,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 47
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Shaker House | 757 W Shepherd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.