121 E Michigan Street,New Buffalo, MI 49117
New Buffalo, MI 49117
Description
Exceptional income-producing opportunity in the heart of New Buffalo! This triplex features three units, each with private entrances and individual electric and water services, allowing for efficient management and tenant-paid utilities. All units are currently leased month-to-month, providing immediate income with the ability to adjust rents or reposition. The first unit lives like a single-family home with three bedrooms, 1.5 baths, a four-season room, private backyard, and side circle parking. Unit two includes one bedroom, one bath, updated electrical, and an unfinished basement with a second full bath and potential for additional living space. The third unit offers ravine views, one bedroom and one bath on the main level, plus a finished lower level with bedroom, bath, and separate entrance. Current rents are below market, presenting a clear value-add opportunity to increase income and improve overall return. Located minutes from beach, and all downtown amenities.
Details
| MLS # | 70528101 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 169 |
| Listing Provided By | Keller Williams Realty SWM | James Garrison |
Features
| Basement | Y |
|---|---|
| Units | 3 |
| Acreage | 0.14 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Wood Siding |
|---|---|
| Foundation Details | Basement |
| Lot Features | Ravine |
Other
| List Aor | Southwestern Michigan Association of REALTORS |
|---|
Taxes
| Property | 5142 |
|---|
Area Information
| State | MI |
|---|---|
| County | Berrien |
| City | New Buffalo |
| Zip Code | 49117 |
| Area | New Buffalo (11037) |
| Listing VS Median (in 49117) | |
Price: $590,000 low | high Med: $755,900 On site: 169 low | high Med: 49 | |
Market Activity 49117
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Learn More About This Property
| State | MI |
|---|---|
| County | Berrien |
| City | New Buffalo |
| Zip Code | 49117 |
| Area | New Buffalo (11037) |
| Listing VS Median (in 49117) | |
Price: $590,000 low | high Med: $755,900 On site: 169 low | high Med: 49 | |
