424 N 4th Street Niles, MI ^$ 239,000

424 N 4th Street

^$ 239,000

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424 N 4th Street

Niles, MI, 49120

^$ 239,000

Studio Baths0.0

Monthly Estimate*

^$ 1,669

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Studio

Multi-Family Home for sale in Niles, MI

for $239,000. This home was built in 1910 on a lot size of 0.22.

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*

Multi-Family Active

Price

^$ 239,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,023

Style

Lot Size

0.22

Year Built

1910

Town/City

Niles

County/Region

Berrien

MLS | Web ID

70388387

Features

General

Interior Features Cable/Internet Avail.

Heating Forced Air

Possession Subject To Tenant Rights

Garage Additional Garage(s)

Water Public Water

Status Active Accepting Backup Offers

Year Built 1910

County Berrien

Class MULTIFAMILY

Type Multi-Family

Municipality Niles

Subdivision MI

Area Niles (11039)

Primary City Niles

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

School District Niles Community School Distr

Street Name 4th

Financial Terms Cash Conventional Exchange/Trade

DOM 81

Postal Code 49120

Coming Soon Exceptional Investment Opportunity in Downtown Niles MI! This multi-family gem located in the vibrant heart of downtown

Interior

Basement MI Basement

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Aluminum

Frontage 72

Lot Size Area 0.22

Lot Dimensions 72x132

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

* Excluded Features

List By

Victoria Knight

Listing Agent

Irep Era Powered

Broker

Victoriaknightrealtor@gmail.com

Affordability Calculator

$1,838

Per Month

Monthly Principal & Interest: $1,669
Monthly Property Taxes: $169
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Niles, MI

Average List Price ^$184,580

Percent of Sale Price 23%

About Niles, MI

11,146 Population

-7% Since 2002

^$33,845 Median Income

38.04 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3745200 Elementary School

3745199 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/4/2024	$239,000		Listed Price

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424 N 4th Street, Niles, MI, 49120 is a Multi-Family Home for sale at $239,000 with a lot size of 0.22. 424 N 4th Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 49120 which is in Niles, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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424 N 4th Street

Multi-Family Home for sale in Niles, MI

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