121 E Michigan Street, New Buffalo, MI 49117
- $590,000
- List Price
- $590,000
- Days on Market
- 90
- MLS#
- 26018412
- Status
- ACTIVE
- Type
- Multifamily
Property 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.
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Additional Information
- Owner Pays
- None
- Taxes
- $5,142
- Acres
- 0.14
- Basement
- Full, Michigan Basement, Partial
- Heating
- Forced Air
- Roofing
- Composition
- School District
- New Buffalo
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection, Water
- Total Parking Spaces
- 6
- Utilities
- Cable Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available
- Water
- Public Water
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Listing courtesy of Listing Agent: James Garrison from Listing Office: Keller Williams Realty SWM.
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