$167,000 $896 est/mo Sourced by Back At You

116 E Stoddard Street,Charlotte, MI 48813

Charlotte MI, 48813

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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.

Details

MLS#24016607
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site67
Listing Provided ByNuCon Realty, LLC | Ryan D Kelley
Buying Commision3.00%
Listing Commission0.00%

Features

BasementY
Units3
Building(s)1
ZoningR-11 OLD MULIT
Acreage0.08

Market Activity 48813

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

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Listings Checked: 4 minutes ago
StateMI
CountyEaton
CityCharlotte
Zip Code48813
AreaEaton County E
SubareaE
School DistrictCharlotte
Listing VS Median (in 48813)
Price:
$167,000
low | high
Med:
$114,450
81.467065868263% of Average
On Site:
67
low | high
Med:
123.500000
54.251012145749% of Average
Sourced by Back At You
Listing Updated: June 10, 2024 at 9:44:42 PM PDT