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About This Home

This 7-bedroom, 0-bathroom residential multi family at 121 E Michigan Street in New Buffalo, MI is listed for $590,000. Built in 1955, on a 0.14 acres lot.

Agent 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.

Key Features

  • Built in 1955
  • 0.14 acre lot
  • 6 parking spaces

Property Details

5 full, 1 half
6 spaces
1955

Amenities

A/C

Monthly Cost Estimate

$3,155/mo

20% down · 6.5% · 30 years

Principal$427
Interest$2,557
Insurance$172

Estimates only. Actual payments may vary.

Location

121 E Michigan Street

New Buffalo, MI 49117

Property Details

Construction

Wood Siding

Heating

Forced Air

Cooling

Window Unit(s)

Questions & Answers

This 7-bedroom, 0-bathroom residential multi family at 121 E Michigan Street is listed at $590,000. The estimated monthly payment is $2,557 based on 20% down at 6.5% interest.

Key features include: Built in 1955, 0.14 acre lot, 6 parking spaces.

This property is listed by James Garrison and can be reached at 2696127013 or james@garrisongroupre.com.

JG

James Garrison

Agent at Keller Williams Realty SWM

(269) 612-7013

Listed by Keller Williams Realty SWM · View on Broker Site

MLS# 26018412· Source: listhub· Updated 34 days ago

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121 E Michigan Street, New Buffalo, MI 49117

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