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116 E Stoddard Street
Charlotte, MI 48813
–
beds
–
baths
–
sqft
3,659
sqft lot
1920
build
–
on site
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.
Listing courtesy of MICHRIC / Ryan Kelley / NuCon Realty, LLC
Last checked:
Checking…
•
Last updated Apr 22, 2024
•
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MLS# 24016607 —
This property is listed in more than one place. See it here.
The Building
Year Built:
1920
New Construction:
false
Construction Materials:
Vinyl Siding, Block
Architectural Style:
None
Foundation Details:
None
Building Features:
None
Exterior Features:
None
Window Features:
None
Patio And Porch Features:
None
Accessibility Features:
No
Direction Faces:
None
Roof:
Composition
Stories:
None
Basement:
true
Basement:
Full
Basement:
Yes
Building Area Total:
None
Exterior -Block:
true
Exterior Material -Vinyl Siding:
true
Roofing -Composition:
true
Below Grade Finished Area:
None
Interior
Rooms Total:
None
Interior Features:
None
Flooring:
None
Fireplaces Total:
1
Fireplace:
No
Fireplace Features:
None
Room Dimensions
Living Area:
None
Location
Directions:
N Cochran Ave south to E. Stoddard, east to property.
Cross Street:
E. Stoddard / N Washington
Latitude:
42.566449
Longitude:
-84.835079
The Property
Parcel Number:
200-000-010-020-00
Property Type:
Multi-Family
Property Subtype:
2 to 4 Units
Property Attached:
No
Lot Features:
Level, Sidewalk
Lot Size SqFt:
3659.0
Lot Size Acres:
0.08
Lot Size Area:
0.08
Lot Size Units:
Acres
Topography:
None
Waterfront:
false
View:
None
View:
No
Fencing:
None
Inclusions:
None
Zoning:
None
Zoning Description:
R-11 OLD MULIT
Current Use:
None
Possible Use:
None
Water Access:
No
Waterfront:
No
Listing Agent
Contact info:
Agent phone:
(616) 401-1595
Office phone:
(616) 401-1595
Taxes
Tax Year:
2024
Tax Year:
2024.0
Tax 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 Annual Amount:
2944.31
Tax Assessed Value:
46123
Taxable Value:
46123.0
Annual Property Tax:
2944.31
Beds
Main Level Bedrooms:
None
Bedrooms Total:
None
Baths
Full Baths:
None
Partial Baths:
None
Three Quarter Baths:
None
Half Baths:
None
Quarter Baths:
None
The Listing
Home Warranty:
No
Virtual Tour URL Branded:
None
Buyer's Brokerage Compensation Type:
None
Buyer's Brokerage Compensation:
None
Heating & Cooling
Heating:
true
Heating:
Forced Air, Baseboard, Natural Gas
Heat Type -Forced Air:
true
Heat Type -Baseboard:
true
Heat Source -Natural Gas:
true
Utilities
Utilities:
None Available, Natural Gas Connected, Electric Connected
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Xfinity
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Multifamily
For Sale
$181,225
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Listing provided by broker:
Ryan Kelley
NuCon Realty, LLC
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
This multifamily located in Charlotte, MI 48813 is currently for sale for $181,225. 116 E Stoddard Street is a – square foot multifamily with – beds and – baths that has been on Estately for 24 days. This multifamily is in the attendance area of Washington Elementary School, Charlotte High School, Charlotte Upper Elementary School, and Charlotte Middle School.