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424 N 4th Street

Niles, MI 49120
  • $239,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 24005920
UPDATED: 46 min ago
$239,000
  • 4
    BEDS
  • 0.22
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,648
    SQFT
  • $90
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

School District:

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 Nilessecure your stake in this profitable, well-maintained 4-unit property today! *Each unit has 1 bedroom & 1 bathroom*

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-02-22T08:56:45.85.
www.refacmi.com/homes/147261304
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424 N 4th Street Niles, MI 49120

  • Price: $239,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 46 min ago
  • ID#: 24005920
4
Beds
4
Baths
0
½ Baths
0.22
Acres
2,648
SQFT
$90
$/SQFT
1910
Built
Neighborhood:
Niles City
County:
Berrien
School District:
Niles
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 Nilessecure your stake in this profitable, well-maintained 4-unit property today! *Each unit has 1 bedroom & 1 bathroom*
Exterior Features

Construction Materials Aluminum Siding Corner Lot YN Yes Lot Features LevelSidewalkCorner Lot Parking Total 1 Road Surface Type Paved Roof Composition Waterfront YN No

Interior Features

Basement Crawl SpaceMichigan Basement Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street Cass St. & Sycamore St. Documents Available [] Gross Income 41304 Insurance Expense 1500 Listing Terms CashConventionalTax Def Exchange Maintenance Expense 500 Manager Expense 0 New Construction YN No Owner Pays Trash CollectionWaterSewer Property Sub Type 2 to 4 Units Sewer Public Sewer Tax Annual Amount 2023 Tax Year 2023 Tenant Pays ElectricGas Utilities Phone AvailablePublic Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric AvailableCable AvailableBroadband AvailablePhone ConnectedNatural Gas ConnectedElectric ConnectedCable Connected

Listing provided courtesy of Victoria Knight of IREP ERA Powered: 269-684-5030. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-02-22T08:56:45.85.
 
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