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35 S 3RD Street, Niles MI, 49120

Sold Price:
$32,000
Date:09/30/2016

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1,870 sqft

Status: Closed

MLS#: 16035504

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IMG_7226
IMG_7242
side good
Parking area
IMG_7238
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living room 2 good
Living Room 1
Dining room
Kitchen 4
Living room 4
refrigerator
Bedroom 6
Dining room
Bedroom 1
Kitchen 4

Last Updated: 8/19/2017 12:09 AM

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.

Price

Sold Price:
$32,000
Sold Date:09/30/2016

Subdivision: Niles City

County: Berrien

Sq ft: 1,870 (approx)

#: 16035504

Status: Closed

Listing Information

Property Type: Multi-Family, Other
Lot Size:0.17 Acres	Square Feet:1,870 (approx)	Price per Sq. Ft.:$21.39
Year Built:1940

Subdivision:Niles City

Water:Public Water Service

Sewer:No Sewer, Public Sewer, Storm Sewer

Available Utilities:Cable TV, Electric, Natural Gas, Telephone

Neighborhood

School Information

District: Niles

Room Information

Interior Features

Heating: Gas Heat, Forced Air

Basement:Basement, Partial

Exterior / Lot Features

Parking: 4 Parking Spaces,

Lot Dimensions:61 x 118

Topography:Level

Additional Exterior/Lot Features: Paved Road, Level

Driving Directions

South of Grant on 3rd St. on East side of Street

Financial Considerations

Tax/Property ID: 117327000044008

Tax Amount: $1,893

Tax Year: 2015

Listing Price History

Niles Real Estate

Niles is located in Michigan. Niles, Michigan 49120 has a population of 11,333.

The median household income in Niles, Michigan 49120 is $32,283. The median household income for the surrounding county is $44,701 compared to the national median of $53,482. The median age of people living in Niles 49120 is 34.9 years.