Charlotte, MI 48813
Listing Courtesy of: MIREALSOURCE / Nucon Realty, LLC

   Charlotte, MI 48813

Active (145 Days)
$167,000

Description

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.

MLS #:
70399072
Taxes
$2,944(2023)
Lot Size
3,485 SQFT
Type
Single-Family Home
Year Built
1920
School District
Charlotte Public Schools
County
Eaton County

Listed By

Ryan Kelley, Nucon Realty, LLC
Source
MIREALSOURCE
Last checked Sep 8 2024 at 1:20 AM GMT+0000
Bathroom Details
Lot Information
  • Sidewalks
Property Features
  • Foundation: Basement
Heating and Cooling
  • Baseboard
  • Forced Air
Utility Information
  • Sewer: Public Sanitary
Living Area
  • 2,715 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 06, 2024
Price Changed
$167,000
-8%
-14,225
Apr 08, 2024
Original Price
$181,225
-
-
Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38