Niles, MI 49120,424 N 4th Street
$237,000
$239,000
0.8%
Est.Price: ?

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4 BD
9,583 Sqft Lot

424 N 4th Street Niles, MI 49120

Est. payment /mo
SOLD DATE : 05/03/2024

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Key Details

Sold Price $237,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 69024005920

Sold Date 05/03/24

Bedrooms 4

Originating Board Southwestern Michigan Association of REALTORS®

Year Built 1910

Annual Tax Amount $2,023

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 72x132

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*

Location

State MI

County Berrien

Area Niles

Direction 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.

Interior

Interior Features Cable Available

Heating Forced Air

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Roof Type Composition

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Crawl, Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Aluminum

Schools

School District Niles

Others

Pets Allowed Yes

Tax ID 117231100026000

Ownership Private Owned

Acceptable Financing Cash, Conventional, Trade/Exchange

Listing Terms Cash, Conventional, Trade/Exchange

Financing Cash,Conventional,Trade/Exchange

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Realcomp MLS
Listed by Victoria Knight of IREP ERA Powered
Bought with Grand Rapids Realty & Investments LLC

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Carrie Thompson

Digital Marketing Realtor | License ID: 6501338662

+1(810) 893-3269

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