116 E Stoddard Street
Charlotte,
MI
48813
Property Details
List Price: |
$181,225 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
NuCon Realty, LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
Other |
Year Built: |
1920 |
Notes: |
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. |
MlsNumber: |
24016607 |
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Listing Provided By: |
NuCon Realty, LLC, original listing |
Name: |
NuCon Realty, LLC |
Phone: |
(616) 401-1595 |
Office Name: |
NuCon Realty, LLC |
Office Phone: |
(616) 401-1595 |
Agent Name: |
Ryan Kelley |
Disclaimer: |
Copyright © 2024 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |