Thank you
Ryan D Kelley
NuCon Realty, LLC
616-401-1595
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.
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Laundry Facility
Roof : Composition
Heating: Baseboard,Forced Air
Heating Fuel: Natural Gas
Year Built: 1920
Total Units: 3
Roof: Composition
Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Lot Size: 0.08
Lot Dimensions: Unknown
Financing: Cash,Conventional
Original List Price: $181,225
Possession: At Close
Legal Description: 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
Annual Tax: $2,944
Parcel Number: 20000001002000
At Close
Legal Description: Section: 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
Parking: 4
Road Frontage: Pub. Sidewalk
# of Bedrooms: 2
School District: Charlotte
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3088 Hartel Road, Charlotte, MI,48813 | $999,999 | 3 | 3 | 4,097 | 1.02 Acres |
203 N Oliver Street, Charlotte, MI,48813 | $239,900 | 4 | 3 | 2,466 | 0.25 Acre |
Pinebluff Drive, Charlotte, MI,48813 | $459,000 | 3 | 4 | 2,518 | 1 Acre |
201 E Lovett Street, Charlotte, MI,48813 | $99,900 | 3 | 1 | 1,313 | 0.07 Acre |
5347 Carl's Ridge Drive, Charlotte, MI,48813 | $524,900 | 4 | 3 | 2,604 | 9.1 Acres |
455 N Clinton Street, Charlotte, MI,48813 | $129,900 | 2 | 1 | 1,574 | 0.2 Acre |
Parcel A, Pinebluff Drive, Charlotte, MI,48813 | $39,000 | -- | -- | -- | 2.7 Acres |
Parcel C, Pinebluff Drive, Charlotte, MI,48813 | $18,400 | -- | -- | -- | 1 Acre |
Pinebluff Dr., Parcel F, Charlotte, MI,48813 | $18,400 | -- | -- | -- | 1 Acre |
Pinebluff Dr., Parcel G, Charlotte, MI,48813 | $18,400 | -- | -- | -- | 1 Acre |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/05/2024 @ 06:00
MLS: 604712123
LISTED BY: Ryan D Kelley , NuCon Realty, LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.