$93,000
●
Condo -
Off Market
2028 N Old US 31 #8
Niles, MI 49120
2 Beds
1 Bath
815 Ft²
$854
Est. Monthly
$289
HOA / Fees
13.93%
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 2
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
815 Ft²
Days on Market
-
Land Size
3.30 acres
Price per sqft
$114
Property Type
Condo
Property Taxes
$110
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: 3 years ago (MichRIC MLS #24008026)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | Listed by Weichert Realtors-Gold Star | $92,500 | |
| Listed by Weichert Realtors-Gold Star | |||
Property Highlights
Air Conditioning
Interior Details
Bedrooms: 2
Bedrooms on Main Level: 2
Full Bathrooms: 1
Interior Features: Ceramic Floor, Eat-in Kitchen
Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
Laundry Features: Common Area, In Unit
Rooms: 4
Slab
Exterior Details
Year Built: 1960
Parcel Number: 1465000001009
Window Features: Screens, Replacement, Insulated Windows
Construction Materials: Brick
Stories: 2
Level, Sidewalk, Wooded, Site Condo, Rolling Hills
Lot Size Dimensions: Irregular
Lot Size Acres: 3.3
Lot Size Square Feet: 143748
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $27,884
Tax Year: 2023
Tax Annual Amount: $1,321
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Electric
Utilities: Phone Available, Public Sewer Available, Electric Available, Cable Available, Broadband Available
Sewer Information: Public Sewer
Water Information: Well
Location Details
Association Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care
Association Amenities: Laundry, Walking Trails, Pets Allowed
Association Fee: $289
Association 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: 3 years ago
Data Source: MichRIC, MLS# 24008026
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: 3 years ago
Data Source: MichRIC, MLS# 24008026
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