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116 E Stoddard Street Charlotte, MI $ 181,225
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116 E Stoddard Street
$ 181,225
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116 E Stoddard Street

Charlotte, MI, 48813
$ 181,225
Baths0.0

Monthly Estimate*

$ 1,266

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 $181,225. This 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 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.

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Multi-Family Active

Price

$ 181,225

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,944

Style

2 to 4 Units

Lot Size

0.08

Year Built

1920

Town/City

Charlotte

County/Region

Eaton

MLS | Web ID

24016607
Features
General
Sewer Public Sewer
Heating Forced Air Baseboard Natural Gas
Utilities None Available Natural Gas Connected Electric Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Vinyl Siding Block
Year Built 1920
Tenant Pays Electric Gas
Property SubType 2 to 4 Units
Tax Year 2024
County Eaton
New Construction N
Property Type Multi-Family
Attached Garage N
Status Active
Directions N Cochran Ave south to E. Stoddard east to property.
City Charlotte
High School District Charlotte
Zoning Description R-11 OLD MULIT
Total Units 3
MLS Area Eaton County - E
Lot Size Square Feet 3659.0
Waterfront Y/N N
Street Name Stoddard
Land Lease Y/N N
Tax Annual Amount 2944.31
Lease Renewal Y/N N
MLS Area Minor Eaton County - E
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 7
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 46123
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
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Street Suffix Street
Laundry Features In Basement In Unit
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Level Sidewalk
Total Parking 4.0
Lot Size Area 0.08
Number of Buildings 1
Spa N
Lot Dimensions Unknown
Lot Size Acres 0.08
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Nucon Realty, Llc

Broker

ryan@nuconrealty.com

Email

Affordability Calculator

$1,511
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,266
Monthly Property Taxes
$245
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
1444867 Elementary School
1444862 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
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 $181,225 with 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

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