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424 N 4th Street Niles, MI 49120
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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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Bought with Grand Rapids Realty & Investments LLC