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.
Features
2715 sq. ft. floor area
crop_free0.08 ac. lot size
cottageMulti-Family
Property history for 116 E Stoddard St
2018
Sold
$90,000
24 Aug 2018 by Ken Babcock, of Weichert, Realtors- Emerald Properties
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Local market activity for multi families in Charlotte
Sold
For Sale
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