$135,000

501 Broadway

Niles MI, 49120

Description

Great investment opportunity located on a corner lot near the downtown Niles area. This well-maintained 4 unit rental property is fully rented with reliable tenants. With low vacancy rates, positive cash flow and 20 years of rental history. Offers 1- 2 bedroom unit, 3- 1 bedroom units with on-site coin laundry in the full basement for additional income. 4 parking spots on the asphalt drive. Nice hardwood floors on the main level and lots of character throughout. Each unit comes with fridge, stove and window a/c unit. Furnace was replaced 6 years ago.

Details

MLS#20029815
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1997
Days On Site7

Features

SQ Feet3,360
Units4
Building(s)1
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Area Information
StateMI
CountyBerrien
CityNiles
Zip Code49120
AreaSouthwestern Michigan - S
Listing VS Median (in 49120)
Price:
$135,000
low | high
Med:
$126,500
56.296296296296% of Average
SqFt:
3,360
low | high
Med:
2,437
77.485119047619% of Average
$ / SqFt:
$40
low | high
Med:
$53
18.971375220391% of Average
On Site:
7
low | high
Med:
130
5.384615384615% of Average
Listing Updated: 08/03/2020
Jennifer Inman LogoMLS Number: 20029815
Listing Provided By:
Jennifer Inman  of  Integrity R.E. Professionals ERA Powered
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