MI > Niles
Niles, MI 49120,47 S 3rd Street
Niles, MI 49120,47 S 3rd Street
Niles, MI 49120,47 S 3rd Street
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$385,000
Est. payment /mo
7,888 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Municipality Niles City

MLS Listing ID 25045667

Year Built 1918

Annual Tax Amount $699

Tax Year 2024

Lot Size 7,888 Sqft

Acres 0.18

Lot Dimensions 66x118

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.

Location

State MI

County Berrien

Area Southwestern Michigan - S

Direction Broadway south on Third Street. House on east side of the street.

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Number 1

Laundry In Basement, See Remarks

Exterior

Parking Features Driveway, Gravel

Utilities Available Phone Available, Cable Available, Natural Gas Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 6

Building

Lot Description Sidewalk

Structure Type Wood Siding

New Construction No

Schools

School District Niles

Others

Tax ID 11-73-2700-0042-00-5

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by CK Home Group

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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