20 days on rocket

116 E Stoddard St, Charlotte, MI, 48813

$181,225

Home List Price

$2,152*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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116 E Stoddard St, Charlotte$181,225

Buyer Closing Credits

$2,152*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1920
HeatingNatural Gas, Baseboard, Forced Air
BasementYes
MLS #65024016607
Lot Size0.08 Acres
StatusActive

About 116 E Stoddard St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: NuCon Realty, LLC
  • Office Phone: (616) 401-1595
  • Listing Agent: Ryan D Kelley

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Forced Air

School Info

Assigned Schools Information:

  • Charlotte Senior High School, Public Magnet Grades 9-12
  • Charlotte Upper Elementary School, Public District Grades 4-6
  • Charlotte Middle School, Public Magnet Grades 7-8

Other

Directions Information:

  • Directions: N Cochran Ave south to E. Stoddard, east to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $181,225

Tax Information:

  • Annual Amount: $2,577
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Charlotte, MI.

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Charlotte, MI

City

Med. Sold Price

$188.5K

Med. Price/SqFt

$121

Avg. Days On Market

19

# of Sold Homes

15

116 E Stoddard St vs Charlotte

20 DAYS ON ROCKET

+1 Day

$181,225

-$7.2K Less

KEY TAKEAWAY

This property is $7.2K less than the Median Sold Price in Charlotte, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024016607

Listing Office:

  • Office Name: NuCon Realty, LLC
  • Office Phone: (616) 401-1595
  • Listing Agent: Ryan D Kelley

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively 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. 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. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 28, 2018Home Sold
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,577$40,500
2020$2,119$41,300
2019$1,307$33,800
2018 - $23,314
2017 - $21,089

History based on county public records data.

Payment Calculator

$972

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$610

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-3481576
4
/10

  • Charlotte Upper Elementary School

  • 1068 Carlisle Hwy

  • 1.41 miles

  • Public District Grades 4-6

school-card-donut-3481577
3
/10

  • Charlotte Middle School

  • 1068 Carlisle Hwy

  • 1.41 miles

  • Public Magnet Grades 7-8

High School

school-card-donut-3481578
5
/10

  • Charlotte Senior High School

  • 378 State St

  • 0.99 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,923. The majority of Charlotte, MI residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Eaton County›Charlotte›48813›116 E Stoddard St

This home is located at 116 E Stoddard St in Charlotte, MI and zip code 48813. This home, which was built in 1920, sits on a 0.08 acre lot. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $181,225.

Over 8 listings were sold over their listed price in March 2024 in Charlotte, MI. In the same period over 7 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Charlotte, MI between February 2024 and March 2024 increased by 4.8%. Listings spent 19 days on the market in March 2024, and had a median list price of $188,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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