116 E STODDARD ST CHARLOTTE, MI 48813

Features

• Price/sqft: $61
• Lot Size: 3485 sq. ft.
• Total Units: 3
• Stories: 300
• Heating: Baseboard,Forced Air
• Exterior Walls: Siding (Alum/Vinyl)

Facts

• Year Built: 01/01/1920
• Property ID: 877100579
• MLS Number: 24016607
• Parcel Number: 200 000 010 020 00
• Property Type: Townhouse or Condo
• County: EATON
• 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
• Zoning: N/A
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.