Last Updated: 2/24/2017 1:28 PM
Description for 35 S 3RD Street Niles, MI 49120
This 4 unit rental property has a great cash flow and is fully occupied 100% of the time for the past 24 months. Close to downtown Niles stores and festivals. This is a great opportunity for all investors. New furnace & water heater. 3 units have new refrigerators. Currently produces a net rate return of 30% at current list price. Tenants are on month to month leases. Two of the apartments have 2 bedrooms, Two units have 1 bedroom.
Public Water Service
No Sewer, Public Sewer, Storm Sewer
Cable TV, Electric, Natural Gas, Telephone
Gas Heat, Forced Air
Exterior / Lot Features
4 Parking Spaces,
61 x 118
Paved Road, Level
South of Grant on 3rd St. on East side of Street
Listing Price History
Niles Real Estate
Niles is located in Michigan. Niles, Michigan 49120 has a population of 11,594.
The median household income in Niles, Michigan 49120 is $31,264. The median household income for the surrounding county is $43,471 compared to the national median of $53,046. The median age of people living in Niles 49120 is 33.2 years.
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