This property is packed full of potential, currently has a House in the front that is leased, two manufactured duplexes, 11 cabins with potential for more housing. Zoned C-1 Mixed use, this nearly 1.5 acres is full of developmental potential. Either remove the current homes or fix them up to rent! Information is not guaranteed. Currently 6 units are leased at $500/m and the house in front of is leased for $1,200/M
Well-located duplex in Niles offering a great opportunity for both investors and owner-occupants. This property has a strong history of cash flow for ownership and has recently undergone updates, including a newly installed roof, providing a solid foundation for immediate occupancy or leasing.Each unit offers separate living space with functional layouts, making it ideal for generating rental income or for an owner-occupant looking to live in one unit while renting the other to offset their mortgage. With the property currently vacant, a new owner has the flexibility to set market rents, place their own tenants, or move in right away.Recent improvements have enhanced the overall usability of the property, while still leaving room for a new owner to add value over time. Located in an accessible area of Niles with steady rental demand, this is a straightforward, income-producing opportunity with long-term upside.
Niles is located in Michigan. 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.
