116, Stoddard, Charlotte, MI, 48813
Basics
- Date added: Added 6 months ago
- Category: Multi-Family
- Type: 2 to 4 Units
- Status: Active
- Bathrooms: 0
- Lot size: 0.08 sq ft
- Year built: 1920
- Lot Size Acres: 0.08 acres
- County: Eaton
- MLS ID: 24016607
Description
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Description:
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 2 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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Location
- Directions: N Cochran Ave south to E. Stoddard, east to property.
Building Details
- Number Of Units Total: 3
- Construction Materials: Vinyl Siding, Block
- Sewer: Public Sewer
- Heating: Forced Air, Baseboard, Natural Gas
- Roof: Composition
- Number Of Buildings: 1
- Basement: Full
Amenities & Features
- Parking Total: 4
- Laundry Features: In Basement, In Unit
- Utilities: None Available, Natural Gas Connected, Electric Connected
- Parking Features: Driveway, Gravel
- Lot Features: Level, Sidewalk
- Fireplaces Total: 1
Fees & Taxes
- Tax Assessed Value: $46,123
- Tax Year: 2024
- Tax Annual Amount: $2,944.31
School Information
- High School District: Charlotte
Miscellaneous
- CrossStreet: E. Stoddard / N Washington
- Owner Pays: Trash Collection, Water, Sewer
- Listing Terms: Cash, Conventional
- Tenant Pays: Electric, Gas
Ask an Agent About This Home
This 2 to 4 Units style property is located in is currently Multi-Family and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $167,000. It has bedrooms, 0 baths bathrooms, and is . The property was built in 1920 year.
