116 E Stoddard Street
Charlotte, MI 48813
0.08 acres | #24016607
Description
Exceptional Investment Opportunity: Three-Unit Property Generating Strong Cash Flow. Achieving an impressive 9.62% CAP RATE with a Net Operating Income (NOI) of $16,071, this property comprises two townhouse-style units featuring 3 beds and 1.5 baths each, alongside a one-bedroom, one-bathroom unit (upper rear access). All units are well-maintained and currently occupied, presenting a lucrative income stream. While the property requires minor exterior repairs, it offers substantial potential for long-term growth. For further details, please contact the broker. Serious inquiries from qualified investors are welcome. Note: Tenant rights are in place.
Property Details
- Lot DescriptionLevel, Sidewalk
Measurements
- Acres0.08
Construction Details
- Property TypeMulti-Family
- BasementFull
Condition
- Year Built1920
Utilities / Energy Details
- Utility FeaturesNone Available, Natural Gas Connected, Electric Connected
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- School DistrictCharlotte
- CountyEaton
Financial Details
- Original List Price$181,225
- Buying Agency Compensation3.00
- Days on Market (Cumulative)157
Other
- MLS #24016607
Location
Legal
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Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Ryan D Kelley (#gkell1431)
Listing Office: NuCon Realty, LLC (#g188400)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.