116 E Stoddard Street
Charlotte, MI 48813

  • – beds
  • – baths
  • – sqft
  • 3,485 sqft lot
  • 1920 build
  • on site

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.

Realcomp MLS logo Listing courtesy of REALCOMP / NuCon Realty, LLC

Last checked: Checking… • Last updated May 6, 2024 •

MLS# 65024016607 —

This property is listed in more than one place. See it here.

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Sale history

Date Event Source Price % Change
5/6/24
Price Changed REALCOMP $167,000 -7.8%
4/22/24
Relisted REALCOMP $181,225
4/17/24
Pending REALCOMP $181,225

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Listing provided by broker:

NuCon Realty, LLC

(616) 401-1595

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116 E Stoddard Street

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This multifamily located in Charlotte, MI 48813 is currently for sale for $167,000. 116 E Stoddard Street is a – square foot multifamily with – beds and – baths that has been on Estately for 38 days. This multifamily is in the attendance area of Washington Elementary School, Charlotte High School, Charlotte Upper Elementary School, and Charlotte Middle School.

IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS®, © 2024 Realcomp II Ltd. Shareholders

REALCOMP logo NuCon Realty, LLC

Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.

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IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.

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