$70,000
●
Condo -
Off Market
2028 N Old US 31 #7
Niles, MI 49120
1 Bed
1 Bath
600 Ft²
$763
Est. Monthly
$289
HOA / Fees
8.49%
Cap Rate
About This Property
Fantastic garden level lookout on front and walkout rear floor
condo Concrete patio with river views from the living room. This 1
bedroom, 1 bath condo has recently been updated with new paint,
flooring and all new appliances. Walking paths down to the water
access with boat dock. Domesticated pets are allowed. Close to
downtown Niles river walk district, shopping and entertainment.
Individual units can be rented out making this potential
investment.
Unit Size
600 Ft²
Days on Market
16 days
Land Size
3.30 acres
Price per sqft
$127
Property Type
Condo
Property Taxes
$101
HOA Dues
$289
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MichRIC MLS #24043303)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Relisted | $75,900 | |
| Relisted | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Price Decreased |
$75,900
↓ $2K
(2.6%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Broadband
Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
Flooring Type: Ceramic Tile
Laundry Features: Common Area, Laundry Room
Rooms: 4
Basement: Slab
Exterior Details
Square Footage: 600
Architectural Style: Other
Year Built: 1960
Waterfront Features: River
Waterbody Name: St Joseph River
Building Area Total: 600
Window Features: Screens, Insulated Windows, Replacement
Construction Materials: Brick
Patio and Porch Features: Patio
Lot Features: Level, Sidewalk, Site Condo, Rolling Hills
Lot Size Area: 3.3
Lot Size Units: Acres
Lot Size Acres: 3.3
Lot Size Square Feet: 143748
Lot Size Dimensions: On File GIS Maps
Water Source: Well, Private Water
Financial Details
Tax Assessed Value: $26,509
Tax Annual Amount: $1,212
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care
HOA/Condo/Coop Amenities: Laundry, Interior Unit, Pets Allowed
HOA Fee: $289
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2025
|
2 Bed
|
1 Bath
|
797 ft²
|
$99,500
2 Bed
1 Bath
797 ft²
|
-
-
|
Katherine Lampert
Century 21 Affiliated
| |
|
08/19/2024
|
1 Bed
|
1 Bath
|
600 ft²
|
$84,900
1 Bed
1 Bath
600 ft²
|
$70,000
-17.55%
05/20/2025
|
Jeffrey Brown
KW Metro
| |
|
02/16/2024
|
2 Bed
|
1 Bath
|
815 ft²
|
$92,500
2 Bed
1 Bath
815 ft²
|
$93,000
+0.54%
03/08/2024
|
Jeffrey Brown
KW Metro
| |
|
11/17/2023
|
2 Bed
|
1 Bath
|
815 ft²
|
$89,900
2 Bed
1 Bath
815 ft²
|
$92,000
+2.34%
01/05/2024
|
Jeffrey Brown
KW Metro
| |
|
05/19/2023
|
2 Bed
|
1 Bath
|
815 ft²
|
$94,900
2 Bed
1 Bath
815 ft²
|
-
-
|
Jeffrey A Brown
Weichert Realtors-Gold Star
| |
|
11/13/2022
|
2 Bed
|
1 Bath
|
815 ft²
|
$94,900
2 Bed
1 Bath
815 ft²
|
-
-
|
Jeffrey A Brown
Weichert Realtors-Gold Star
| |
|
07/15/2022
|
2 Bed
|
1 Bath
|
815 ft²
|
$92,500
2 Bed
1 Bath
815 ft²
|
$92,000
-0.54%
08/29/2022
|
Jeffrey Brown
KW Metro
| |
|
01/26/2022
|
2 Bed
|
1 Bath
|
815 ft²
|
$89,900
2 Bed
1 Bath
815 ft²
|
$87,000
-3.23%
03/18/2022
|
Jennifer Avery
Jaqua Realtors
|
Building Info
About Berrien
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Listed by: Jeffrey A Brown, Weichert Realtors-Gold Star
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24043303
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24043303
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