116 E Stoddard Street, Charlotte, MI 48813 (MLS # 24016607)

PRICE	$181,225
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	3,485 sqft

Exceptional Investment Opportunity: Three-Unit Property Generating Strong Cash Flow. Achieving an impressive 8.87% 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.

DAYS ON MARKET	26	LAST UPDATED	4/22/2024
YEAR BUILT	1920	COMMUNITY	Eaton County - E
COUNTY	Eaton	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AREA	Eaton County - E
BASEMENT	Full, Yes
BUYER'S BROKERAGE COMPENSATION	3.00
CONSTRUCTION	Block, Vinyl Siding
FIREPLACE	Yes
HEAT	Baseboard, Forced Air, Natural Gas
LOT	3485 sq ft
LOT DESCRIPTION	Level
LOT DIMENSIONS	Unknown
PARKING	Driveway, Gravel
SEWER	Public Sewer
TAXES	2944.31
UTILITIES	Natural Gas Available, Natural Gas Connected
ZONING	R-11 OLD MULIT

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Listing provided by NuCon Realty, LLC, Ryan D Kelley

Updated 5/4/24 6:05 AM PDT

Information Deemed Reliable But Not Guaranteed.

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