Apartment Building with Capital
For Sale
Contact for pricing
1731 Oak St, Niles, MI 49120
River Oaks Apartments in Niles, MI includes 59 well-maintained units with recent upgrades and added in-building laundry.
Property SizeContact for details
Days on Market121
Property Features for 1731 Oak St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
59
Building Details
Tenancy
Multi
Listing Agency:
Global Real Estate Advisors (GREA)
Listed By:
Cary Belovicz · License #MI 6502406329
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors (GREA)
Investment Insights
Based on property information with market context.
River Oaks Apartments is a 59-unit apartment property in Niles, Michigan. The asset is described as well maintained, with a number of capital improvements completed, including new water heaters, PEX plumbing upgrades, an upgraded electrical panel, and window upgrades. The property also includes added credit card laundry in 2019, and 19 brand new units were constructed and added in the basement in 2007.
Additional income-related opportunities noted in the offering include the possibility for a new investor to convert the One Bedroom office space back into a unit. The current ownership arrangement reflects $1.07 for One Bedroom apartments and $1.06 per square foot for Two Bedroom apartments, with current leasing levels cited for One Bedrooms and Two Bedrooms.
For prospective buyers, the provided information highlights a sizeable, upgraded residential income asset with established unit counts and documented improvements, including both interior building systems and common-area laundry updates.
Additional income-related opportunities noted in the offering include the possibility for a new investor to convert the One Bedroom office space back into a unit. The current ownership arrangement reflects $1.07 for One Bedroom apartments and $1.06 per square foot for Two Bedroom apartments, with current leasing levels cited for One Bedrooms and Two Bedrooms.
For prospective buyers, the provided information highlights a sizeable, upgraded residential income asset with established unit counts and documented improvements, including both interior building systems and common-area laundry updates.
Key Highlights
- 59 well‑maintained apartment units in Niles, MI
- Recent capital improvements include new water heaters, PEX plumbing upgrades, upgraded electrical panel, and window upgrades
- Added credit card laundry in 2019
Property Analytics
Current Use
Lease Details
59
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 49120, MI
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - River Oaks Apartments in Niles, MI includes 59 well-maintained units with recent upgrades and added in-building laundry.
Where is this apartment building located?
The property is located at 1731 Oak St Niles, MI.
What are key features of this property?
This property features: 59 well‑maintained apartment units in Niles, MI; Recent capital improvements include new water heaters, PEX plumbing upgrades, upgraded electrical panel, and window upgrades; Added credit card laundry in 2019
