Charlotte MI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 2,715
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 70399072
ADDITIONAL INFORMATION
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.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Charlotte Real Estate
The median home value in Charlotte, MI is $223,000. This is higher than the county median home value of $150,300. The national median home value is $219,700. The average price of homes sold in Charlotte, MI is $223,000. Approximately 55.52% of Charlotte homes are owned, compared to 37.44% rented, while 7.03% are vacant. Charlotte real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Charlotte real estate agent to arrange a tour today!
Charlotte, Michigan has a population of 9,062. Charlotte is less family-centric than the surrounding county with 27.39% of the households containing married families with children. The county average for households married with children is 28.86%.
The median household income in Charlotte, Michigan is $43,971. The median household income for the surrounding county is $59,244 compared to the national median of $57,652. The median age of people living in Charlotte is 37.1 years.
Charlotte Weather
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 34.7 inches per year, with 50.8 inches of snow per year.