Great investment opportunity located in downtown Niles! Become the Owner of this four unit apartment with solid, long-term, rent-paying tenants. All four units rent at $800/mo. for a $3200/mo. stream of income. Your tenants will love the location to many amenities in Niles. Within a half mile, you'll find the public library, hospital, banks, YMCA, multiple parks, river trail, movie theater, restaurants, breweries, grocery stores, antique stores and more. All three Niles public school levels (elementary, middle and high school) are within one mile. Not only can you offer your tenants a great place to live, but also a community to thrive. Schedule your showing today!
Seize a prime investment opportunity with this well-maintained 2-unit multi-family property located in the vibrant city of Niles. This income-generating asset features two fully-occupied units, offering immediate rental income for savvy investors.
Call listing agent for inspection Report. Don't miss the duplex with each side having 3 bedrooms and 2 baths. The property has 2 addresses with 2006 being the east side and 2002 being the west side. 2006 has a stackable washer and dryer, range, refrigerator. 2002 has a range and refrigerator. property has a well and the owner pays that bill. A water softener is shared with both sides but located in 2002. A 32 by 24 pole barn is used by 2006 but could be shared if desired by the new owner. The rents are low as one tenant is family. 24 hour notice to show
The median home value in Niles, MI is $165,000. This is lower than the county median home value of $226,000. The national median home value is $338,100. The average price of homes sold in Niles, MI is $165,000. Approximately 52.35% of Niles homes are owned, compared to 37.5% rented, while 10.15% are vacant. Niles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Niles real estate agent to arrange a tour today!
Niles, Michigan has a population of 11,929. Niles is more family-centric than the surrounding county with 24.7% of the households containing married families with children. The county average for households married with children is 24.06%.
The median household income in Niles, Michigan is $41,306. The median household income for the surrounding county is $55,893 compared to the national median of $69,021. The median age of people living in Niles is 38.3 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 17.4 degrees. The average rainfall is approximately 39.9 inches per year, with 63.9 inches of snow per year.