121 E Michigan Street
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.
Broker Details
Keller Williams Realty Southwest Michigan (269) 982-7653
MLS ID: s9151
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $590,000 |
| No. of Units: | 3 |
| Year Built: | 1955 |
| Opportunity Zone: | No |
| Price per unit: | $196,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 0 |
ID: 3yd-GRARMI-26018412
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