Active

$181,225

Favorite

beds

baths

half baths

116 E Stoddard Street

Charlotte, Michigan 48813

Active / MLS #24016607 / Multiple Unit (2-4) / Charlotte

Listing information updated 4/22/2024 at 12:22pm

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.

Full Features

Exterior Type:

Vinyl Siding,Block

Basement:

Full

Beds Above Grade:

Heating System:

Natural Gas, Forced Air, Baseboard

Pool:

Age:

104 Years

Roof Type:

Composition

Parking Type:

Driveway, Gravel

Water Front:

Square Feet:

N/A

Lot Size:

3659

Acreage:

0.08

Taxes & Assessments

Tax Amount:

$2,944

Tax Year:

2024

Location

Zip Code:

48813

City:

Charlotte

County:

Eaton

Schools

School District(s):

Charlotte

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: NuCon Realty, LLC

Listing Office Phone: 616.401.1595

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of SWMRIC, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Charlotte, MI

The city of Charlotte is in Eaton County, Michigan. The community runs along Interstate 69 and has a population of 9,000 people. City parks, a series of parks throughout the community, makes the area a visually appealing place to visit....

Learn More

$143,617

Average Sale Price

Average Days On The Market

91%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Charlotte, MI

Recently Sold Homes in Charlotte, MI

Popular Neighborhoods near Charlotte, MI

116 E Stoddard Street is a multiple unit (2-4) currently listed at $181,225. 116 E Stoddard Street features 6 Beds, 2 Baths, 2 Half Baths. This multiple unit (2-4) has been listed on @properties since April 22nd, 2024 and was built in 1920.