116 E Stoddard Street

Charlotte, Michigan 48813

  • 6 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.08
    Acre(Lot)
$167,000

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.

  • Property Type

    Multifamily

  • County

    Eaton

  • Style

    Multifamily

  • AD ID

    45452559

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Property Details

  • Interior Features

    • Laundry Facility
    • Roof : Composition

    Heating & Cooling

    • Heating: Baseboard,Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1920
    • Total Units: 3
    • Roof: Composition

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.08
    • Dimensions: Unknown

    Property Information

    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $181,225

    Listing Information

    • Possession: At Close
    • Legal Description: W 48 FEET OF E 103 FEET OF LOT 2. W 43 FEET OF E 103 FEET OF LOT 3. BLOCK 10 O. P. CITY OF CHARLOTTE

  • Tax Information

    • Annual Tax: $2,944
    • Parcel Number: 20000001002000

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: W 48 FEET OF E 103 FEET OF LOT 2. W 43 FEET OF E 103 FEET OF LOT 3. BLOCK 10 O. P. CITY OF CHARLOTTE

  • Parking Information

    • Parking: 4

    Multi-Unit Information

    • Road Frontage: Pub. Sidewalk

    Unit 3 Information

    • # of Bedrooms: 2

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 11/22/2024 @ 17:40

  • MLS: 604712123
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 6 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Charlotte , in zip code 48813, this Eaton County Multifamily and are nearby neighborhoods.