Exceptional Investment Opportunity in Downtown Niles, MI! This multi-family gem, located in the vibrant heart of downtown, offers a unique blend of character and financial promise. With all four units under solid 1-year leases, investors can enjoy immediate and reliable returns. The property generates an impressive gross profit of $3,400 per month, showcasing its lucrative potential. Recently upgraded with a new roof in 2023, this investment promises low maintenance costs and long-term value. Each unit has their own gas meter, furnace and water heater. Seize the chance to be part of the thriving real estate scene in Niles—secure your stake in this profitable, well-maintained 4-unit property today! *Each unit has 1 bedroom & 1 bathroom*
Listing courtesy of MICHRIC / Victoria Knight / IREP ERA Powered
Last checked:
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Last updated May 7, 2024
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MLS# 24005920 —
The Building
Year Built:
1910
New Construction:
false
Construction Materials:
Aluminum Siding
Architectural Style:
None
Foundation Details:
None
Building Features:
None
Exterior Features:
None
Window Features:
None
Patio And Porch Features:
None
Accessibility Features:
No
Direction Faces:
None
Roof:
Composition
Stories:
None
Basement:
true
Basement:
Crawl Space, Michigan Basement
Basement:
Yes
Building Area Total:
None
Exterior Material -Aluminum Siding:
true
Roofing -Composition:
true
Below Grade Finished Area:
None
Interior
Rooms Total:
None
Interior Features:
None
Flooring:
None
Fireplaces Total:
1
Fireplace:
No
Fireplace Features:
None
Room Dimensions
Living Area:
None
Location
Directions:
HEAD WEST ON E. MAIN STREET. TURN RIGHT ONTO N. 4TH STREET. THIS MULTI-UNIT WILL BE ON THE LEFT SIDE JUST BEFORE CASS ST.
Cross Street:
Cass St. & Sycamore St.
Latitude:
41.832532
Longitude:
-86.255266
The Property
Parcel Number:
11-72-3110-0026-00-0
Property Type:
Multi-Family
Property Subtype:
2 to 4 Units
Property Attached:
No
Lot Features:
Level, Sidewalk, Corner Lot
Lot Size SqFt:
9583.0
Lot Size Acres:
0.22
Lot Size Area:
0.22
Lot Size Units:
Acres
Topography:
None
Waterfront:
false
View:
None
View:
No
Corner Lot:
true
Fencing:
None
Inclusions:
None
Zoning:
None
Current Use:
None
Possible Use:
None
Waterfront:
No
Road Frontage:
72.0
Road Surface Type:
Paved
Listing Agent
Contact info:
Agent phone:
(269) 635-4425
Office phone:
(269) 684-5030
Taxes
Tax Year:
2023
Tax Year:
2023.0
Tax Annual Amount:
2023.0
Tax Assessed Value:
79800
Taxable Value:
79800.0
Annual Property Taxes:
2023.0
Beds
Main Level Bedrooms:
None
Bedrooms Total:
None
Baths
Full Baths:
None
Partial Baths:
None
Three Quarter Baths:
None
Half Baths:
None
Quarter Baths:
None
The Listing
Home Warranty:
No
Buyer Agency Compensation:
3.00
Heating & Cooling
Cooling:
Window Unit(s)
Cooling:
true
Heating:
true
Heating:
Forced Air, Natural Gas
Heat Type -Forced Air:
true
Heat Source -Natural Gas:
true
Utilities
Utilities:
Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Multifamily
Sold
on 5/3/2024
$237,000
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Listing provided by broker:
Victoria Knight
IREP ERA Powered
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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