About 116 E Stoddard Street
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.
Features of 116 E Stoddard Street
| MLS® # | 24016607 |
|---|---|
| Price | $181,225 |
| Bathrooms | 0.00 |
| Acres | 0.08 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | 2 to 4 Units |
| Status | Active |
Community Information
| Address | 116 E Stoddard Street |
|---|---|
| Area | Eaton County - E |
| City | Charlotte |
| County | Eaton |
| State | MI |
| Zip Code | 48813 |
Amenities
| Parking | Driveway, Gravel |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Baseboard, Natural Gas |
|---|---|
| Fireplace | No |
| # of Fireplaces | 1 |
Exterior
| Lot Description | Level, Sidewalk |
|---|---|
| Roof | Composition |
School Information
| District | Charlotte |
|---|
Additional Information
| Legal | 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 |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
Financial Details
| Annual Property Tax | $2,944 |
|---|---|
| Tax ID # | 200-000-010-020-00 |
| Taxable Value | 46123.00 |
Listing Details
| Agent | Ryan Kelley |
|---|---|
| Office | NuCon Realty, LLC |