$167,000 Price Analysis    ♡   Charlotte, MI 48813 Unknown bed 0 bath unknown SqFt ($0/SqFt) 3,659SqFt lot. Built 1920 Listed 2024-04-09, Taxes $2,796 | ✓ USDA Eligible near Charlotte, MI |
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 comprses 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-mai ntained 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.
Presented by Ryan D. Kelley at
NuCon Realty, LLC.
Property MLS #24016607 from MichRic
Heating: Yes
Lot Size Square Feet: 3659
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: Eaton
Directions: N Cochran Ave south to E. Stoddard, east to property.
Tax Year: 2024
Source Property Type: Multi-Family
Area: Eaton County - E
MLS Area Minor: Eaton County - E
Source Neighborhood: Eaton County - E
Owner Pays: Trash Collection, Water, Sewer
Parcel Number: 200-000-010-020-00
Property Subtype: 2 to 4 Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $44,600 | $2,796 |
| 2021 | $unknown + $unknown $40,500 | $2,700 |
| 2020 | $unknown + $unknown $41,300 | $2,576 |
| 2019 | $unknown + $unknown $33,800 | $2,118 |
| 2018 | $unknown + $unknown $23,314 | $896 |
| 2017 | $unknown + $unknown $21,089 | $1,307 |
| 2011 | $unknown + $unknown $33,874 | $2,025 |
| 2010 | $unknown + $unknown $35,992 | $2,132 |
| 2008 | $unknown + $unknown $52,401 | $2,081 |
| 2007 | $unknown + $unknown $40,551 | $2,007 |
| 2006 | $unknown + $unknown $43,800 | $1,939 |
Construction Materials: Vinyl Siding, Block
Property Age: 104
Roof: Composition
 |  |  | ||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.