47 S 3rd Street new Save Request In-Person Tour Request Virtual Tour
Niles,MI 49120
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
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