$99,158*
●
Condo -
Off Market
2028 N Old US 31 #9
Niles, MI 49120
2 Beds
1 Bath
815 Ft²
$90,000 - $100,000
Reference Base Price*
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
Fantastic second floor condo with river views from the living room
and large deck. 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 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 for monthly or short term
rentals.
The manager has listed the unit size as 815 square feet.
The manager has listed the unit size as 815 square feet.
Unit Size
815 Ft²
Days on Market
-
Land Size
3.30 acres
Price per sqft
$116
Property Type
Condo
Property Taxes
$99
HOA Dues
-
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2023 | Listed | $89,900 | |
| Listed | |||
| | |||
|
Fantastic second floor condo with river views from the living room and large deck. 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 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.
| |||
| Oct 18, 2023 | No longer available | - | |
| No longer available | |||
| Jun 30, 2023 | Price Increased |
$89,900
↑ $1K
(1.1%) | |
| Price Increased | |||
| Jun 23, 2023 | Price Decreased |
$88,900
↓ $6K
(6.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
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
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