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116 E Stoddard Street

Charlotte, MI 48813
  • $167,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 24016607
UPDATED: 152 min ago
$167,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,160
    SQFT
  • $77
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

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.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-28T16:58:42.34.
www.real5.com/homes/149412616
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116 E Stoddard Street Charlotte, MI 48813

  • Price: $167,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 152 min ago
  • MLS #: 24016607
6
Beds
4
Baths
0
½ Baths
0.08
Acres
2,160
SQFT
$77
$/SQFT
1920
Built
Neighborhood:
Charlotte City
County:
Eaton
School District:
Charlotte
Property 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.
Exterior Features

Attached Garage YN No Construction Materials Vinyl SidingBlock Driveway Shared Unpaved YN Yes Lot Features LevelSidewalk Parking Total 4 Roof Composition Water Access YN No Waterfront YN No

Interior Features

Basement Full Basement YN Yes Heating Forced AirBaseboardNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street E. Stoddard / N Washington Documents Available [] Listing Terms CashConventional New Construction YN No Owner Pays Trash CollectionWaterSewer Property Sub Type 2 to 4 Units Sewer Public Sewer Tax Annual Amount 2944.31 Tax Year 2024 Tenant Pays ElectricGas Utilities None AvailableNatural Gas ConnectedElectric Connected Zoning R-11 OLD MULIT

Listing provided courtesy of Ryan Kelley of NuCon Realty, LLC: 616-401-1595. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-28T16:58:42.34.
 
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