116 E Stoddard Street
Charlotte, MI 48813
#65024016607
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.
Interior Details
- HeatingBaseboard, Forced Air
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1920
Community and Neighborhood Details
- ZoningResidential
- School DistrictCharlotte
- RegionCharlotte
- CountyEaton
Financial Details
- Original List Price$181,225
Other
- MLS #65024016607
Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Ryan D Kelley (#65170002089985)
Listing Office: NuCon Realty, LLC (#650008228933)
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.
