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121 E Michigan St, New Buffalo, MI, 49117

7beds
6baths
2,588sqft
$590,000
$228price/sqft
$4,376/moest. monthly cost
$175,040/yrincome needed

About This Home

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.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
62
BikeBikeable

Schools

8/10
9/10
7/10

Construction

Condition

  • Year built: 1955

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 to 4 Units

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Michigan Basement,Partial

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total interior livable area: 2,588 sqft

Property

Details

  • Parcel number: 116267500137006

Lot

  • Lot size: 6,098 sqft
  • Features: Ravine,Level
  • Lot size dimensions: 87 x 132

Parking

  • Total spaces: 6