Home For Sale In Charlotte, Michigan

townhouse for sale

Listed: 04/25/24

172 East Stoddard Street, Charlotte, MI 48813, USA

Studio Bed:

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Price

$ 181,225

About This Townhouse

Exceptional Investment Opportunity: Three-Unit Property Generating Strong Cash Flow. Achieving an impressive 8.87% CAP RATEwith 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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Original listing

Charlotte Housing & Living

Household Income

Median household income: $43,971

Number of households: 3,635

The average household income in Charlotte, MI grew from $42,947 to $43,971 in the past year. This data is an estimate based upon 3,635 households in Charlotte, MI.
The chart below presents how household income is distributed in Charlotte, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Charlotte, MI compared to median property taxes around the country. The prevalent amount of property taxes in Charlotte, MI equals $2k-$3k , which is less than the national average.