121 E Michigan Street, New Buffalo, Michigan, 49117
0.14 Acres
7 bd
#26018412
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.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Sewer Available, Water Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Shared Driveway, Unpaved
- Parking Total: 6
- Cooling on Property:
- Cooling: Window Unit(s)
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Wood Siding
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full, Partial
- Basement on Property:
PROPERTY DETAILS
ID: 26018412
Status: Active
Price: $590,000
Acres: 0.14 Acres
Price Per Acre: $4,214,286
Type: Multi-family
Address: 121 E Michigan Street
City, State: New Buffalo, Michigan
County: Berrien
Zip Code: 49117
Lat/Long: 41.793064, -86.742294
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