116 E Stoddard Street Charlotte, MI ^$ 167,000

116 E Stoddard Street

^$ 167,000

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116 E Stoddard Street

Charlotte, MI, 48813

^$ 167,000

Studio Baths0.0 Sq 2,715

Monthly Estimate*

^$ 1,110

116 E Stoddard Street, Charlotte, MI 48813 - Image 1

116 E Stoddard Street, Charlotte, MI 48813 - Image 2

116 E Stoddard Street, Charlotte, MI 48813 - Image 3

Studio

Multi-Family Home for sale in Charlotte, MI

for $167,000. This 2,715 square foot home was built in 1920 on a lot size of 0.08.

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.

Multi-Family Active

Price

^$ 167,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,944

Style

Lot Size

0.08

Year Built

1920

Town/City

Charlotte

County/Region

Eaton

MLS | Web ID

70399072

Features

General

Heating Baseboard Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 1920

County Eaton

Class MULTIFAMILY

Type Multi-Family

Municipality Charlotte

Subdivision MI

Area Charlotte (23018)

Primary City Charlotte

Directions N Cochran Ave south to E. Stoddard east to property.

City Charlotte

School District Charlotte Public Schools

Street Name Stoddard

Financial Terms Cash Conventional

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

DOM 50

Postal Code 48813

Price Per Sq Ft Total 61.51

Coming Soon 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

Exterior

Exterior Vinyl Siding

Frontage 0

Lot Size Area 0.08

Lot Dimensions Unknown

Lot Description Sidewalks

Roads City/County

Waterfront Y/N No

Interior

Total Number of Units 3

Fuel Type Natural Gas

* Excluded Features

List By

Ryan Kelley

Listing Agent

Nucon Realty, Llc

Broker

ryan@nuconrealty.com

Affordability Calculator

$1,355

Per Month

Monthly Principal & Interest: $1,110
Monthly Property Taxes: $245
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Charlotte, MI

Average List Price ^$167,000

Percent of Sale Price 0%

About Charlotte, MI

9,016 Population

2% Since 2002

^$47,357 Median Income

38.21 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3397810 Elementary School

3397809 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2024	$167,000	-7.85%	Price Down
4/9/2024	$181,225		Listed Price

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116 E Stoddard Street, Charlotte, MI, 48813 is a Multi-Family Home for sale at $167,000 with 2,715 sqft and a lot size of 0.08. 116 E Stoddard Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 48813 which is in Charlotte, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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116 E Stoddard Street

Multi-Family Home for sale in Charlotte, MI

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