Address
424 N 4th Street, Niles, MI
Price
$ 239,000
Property Attributes
  • MLS#24005920
  • TypeMulti-Family
  • CountyBERRIEN
  • CityNiles
  • AreaNiles City
  • NeighborhoodNiles City
  • Zip49120
  • Style2 to 4 Units
  • Year Built1910
  • Taxes$ 2023
  • Price$ 239,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,583 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

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*

Price History
2/4/2024 Listed $239,000

General Features

Sewer Public Sewer
Heating Forced Air,Natural Gas
Cooling Window Unit(s)
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,Cab
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Aluminum Siding
Year Built 1910
Tenant Pays Electric,Gas
Property SubType 2 to 4 Units
Tax Year 2023
Gross Income 41304.0
OwnerPays Trash Collection,Water,Sewer
County Berrien
Insurance Expense 1500.0
New Construction No
Property Type Multi-Family
MaintenanceExpense 500.0
Status Active
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.
City Niles
High School District Niles
Total Units 4
MLS Area Southwestern Michigan - S
Lot Size Square Feet 9583.0
Waterfront Y/N No
Street Name 4th
Land Lease Y/N No
Tax Annual Amount 2023.0
Lease Renewal Y/N No
MLS Area Minor Southwestern Michigan - S
Additional Parcels Y/N No
Rent Control Y/N No
Days on Market 24
Standard Status Active
Tax Assessed Value 79800
MobileHomeRemainsYN No
Senior Community None

Interior Features

Basement Crawl Space,Michigan Basement
Total Fireplaces 1
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Lot Features Level,Sidewalk,Corner Lot
Total Parking 1.0
Lot Size Area 0.22
Number of Buildings 1
Spa No
Lot Dimensions 72x132
Lot Size Acres 0.22
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 49120

Price
AVG $270K
$240K
Taxes
AVG $2,732
$2,023
Visits
AVG 42
25
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1910