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$ 350,000
Est. payment | /mo
3,920 Sqft Lot
$ 350,000
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70459981
Year Built 1945
Annual Tax Amount $7,000
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 61x66
Property Sub-Type Multi-Family
Property Description
Turn Key, 100% Occupied Brick 5 unit in Downtown Niles. This building feature 5-1 Bed 1 Bath units. Average rent of $909 per month including utility fees. This property cash flows nicely bringing in Net income of over $24,000 in the past 12 months. Property Management company is ready and willing to stay in place if needed.Tons of improvements have been made to the property in the past 3 years including new stair ways/decking in the rear of the building. 2 Gas Forced Air Furnaces provide Heat(each only 2 years old) and 1 Condenser provides cooling.
Location
State MI
County Berrien
Area Niles (11039)
Interior
Heating Forced Air
Exterior
Exterior Feature Brick
Building
Structure Type Brick
Schools
School District Niles Community School Distr
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by P & S File Land Company, LLC