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.
The median home value in Charlotte, MI is $137,200. This is lower 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 $137,200. 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 48813 has a population of 9,062. Charlotte 48813 is more family-centric than the surrounding county with 29.16% 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 48813 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 48813 is 37.1 years.
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.