$92,000
●
Condo -
Off Market
2028 N Old US 31 #9
Niles, MI 49120
2 Beds
1 Bath
815 Ft²
$814
Est. Monthly
$266
HOA / Fees
8.39%
Cap Rate
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.
Unit Size
815 Ft²
Days on Market
-
Land Size
3.30 acres
Price per sqft
$110
Property Type
Condo
Property Taxes
$106
HOA Dues
$266
Year Built
-
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Cap Rate Calculator
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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 #23142472)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2023 | Listed by Weichert Realtors-Gold Star | $89,900 | |
| Listed by Weichert Realtors-Gold Star | |||
| 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
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
Rooms: 4
Slab
Exterior Details
Year Built: 1960
Parcel Number: 111465000006001
Window Features: Screens, Replacement, Insulated Windows
Construction Materials: Brick
Stories: 2
Level, Sidewalk, Wooded
Lot Size Dimensions: Irregular
Lot Size Acres: 3.3
Lot Size Square Feet: 143748
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $27,999
Tax Year: 2023
Tax Annual Amount: $1,267
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 Fee: $266
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# 23142472
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# 23142472
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