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!
Property Details
Property Features
Property Information:
Year Built: 1950
Listing Office:
Office Name: Bon Realty
Office Phone: (269) 684-4445
Listing Agent: Jeff Johnson
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: Concrete, Gravel
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: Window Unit(s)
Other
Directions Information:
Directions: Main Street in Niles to 6th Street turn North to 2nd home on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $295,000
Tax Information:
Annual Amount: $2,010
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Niles, MI.
This property is $110K more than the Median Sold Price in Niles, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Southwestern Michigan Association of REALTORS
MLS Number: #69024056521
Listing Office:
Office Name: Bon Realty
Office Phone: (269) 684-4445
Listing Agent: Jeff Johnson
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,540
Per Month
Principal & Interest
$1,473
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$951
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Ballard Elementary School
1601 W Chicago Rd
Distance between this listing and this school1.75 miles
Public District Grades PK-5
5
/10
Brandywine Elementary School
2428 S 13th St
Distance between this listing and this school3.39 miles
Public District Grades 3-6
6
/10
Howardellis Elementary School
2788 Mannix St
Distance between this listing and this school4.56 miles
Public District Grades KG-5
Nearby Schools
7
/10
Eastside Connections School
1 Tyler St
Distance between this listing and this school0.60 miles
Public Magnet Grades KG-8
5
/10
Ring Lardner Middle School
801 N 17th St
Distance between this listing and this school1.03 miles
Public District Grades 6-8
5
/10
Brandywine Middle School
1700 Bell Rd
Distance between this listing and this school2.30 miles
Public District Grades 7-8
Nearby Schools
2
/10
Niles Community Schools Adult Education
111 Spruce St
Distance between this listing and this school0.75 miles
Public District Grades 9-12
6
/10
Niles Senior High School
1441 Eagle St
Distance between this listing and this school0.76 miles
Public District Grades 9-12
3
/10
Way Niles
1 Tyler St
Distance between this listing and this school1.20 miles
The neighbors living near this home have an average income of $18,009. Typical income of Niles, MI residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 221 N 6th St in Niles, MI and zip code 49120. This home, which was built in 1950, sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $295,000.
Niles, MI housing market in November 2024 saw over 6 listings sold above listed price, more than 4 sold at listed price and over 18 sold below. The inventory of homes for sale in Niles, MI between October 2024 and November 2024 decreased by 6.9%. In November 2024 median list price was $184,975 and the average listing age was 20 days.
From Rocket Homes Real Estate and based on county public records data.