Multi-Unit Residential Income
For Sale
$339,900
931 Cherry St, Niles, MI 49120
Three-property package offering six occupied units with documented rental history under city landlord inspection requirements.
Property SizeContact for details
Days on Market58
Property Features for 931 Cherry St
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,577
Building Details
Year Built
2002
Units
5
Tenancy
Multi
Listing Agency:
Bon Realty
(269) 363-0589
Listed By:
Lindzie Kosachuk
(269) 363-0589
Source:
Elliman
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 20 at 9:21AM
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 Bon Realty
Investment Insights
Based on property information with market context.
This portfolio consists of three separate residential properties totaling six units, offered together for one purchase price. The mix includes a two-story duplex and a side-by-side duplex, along with a storage garage associated with the package. The properties are described as having a long-standing rental history, with landlord inspections required by the City of Niles in accordance with city ordinance.
The seller notes that all units are currently occupied and that additional notice will be needed for showings. The investment is presented as a group purchase of the full set of properties rather than an individual parcel.
For investors and buyers seeking a residential income package with multiple unit configurations, this offering provides a straightforward structure across a duplex-within-a-duplex arrangement plus a storage garage component. The fact that the units are already under a city-inspection framework may be a practical consideration for operators evaluating ongoing compliance requirements. Please plan accordingly for tenant-occupied access and scheduling.
The seller notes that all units are currently occupied and that additional notice will be needed for showings. The investment is presented as a group purchase of the full set of properties rather than an individual parcel.
For investors and buyers seeking a residential income package with multiple unit configurations, this offering provides a straightforward structure across a duplex-within-a-duplex arrangement plus a storage garage component. The fact that the units are already under a city-inspection framework may be a practical consideration for operators evaluating ongoing compliance requirements. Please plan accordingly for tenant-occupied access and scheduling.
Key Highlights
- 3‑property package totaling 6 units, all noted as occupied
- Long‑standing rental history with City of Niles required landlord inspections
- Unit mix includes 1 two‑story duplex, 1 side‑by‑side duplex, and 1 storage garage
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
710
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
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Frequently Asked Questions
What type of property is this?
Duplex - Three-property package offering six occupied units with documented rental history under city landlord inspection requirements.
Where is this duplex located?
The property is located at 931 Cherry St Niles, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3‑property package totaling 6 units, all noted as occupied; Long‑standing rental history with City of Niles required landlord inspections; Unit mix includes 1 two‑story duplex, 1 side‑by‑side duplex, and 1 storage garage
