Properties for sale in Michigan

Overview

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.

Location Property Info

County: Berrien
Street #: 121
Street Direction: E
Street Name: Michigan
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 1139

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6044
Lot Acres: 0.14
Lot Dimensions: 87 x 132
Year Built: 1955
New Construction: No
Road Frontage: 87
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: Yes
Total Parking Spaces: 6
Waterfront: No
School District: New Buffalo
Basement: Yes

Tax Info

Tax ID #: 11-62-6750-0137-00-6
Taxable Value: 115656
SEV: 245500
For Tax Year: 2024
Seller's Annual Property Tax: 5142
Tax Year: 2024
Spec Assessment & Ty: None Known - BTA
Homestead %: 0

Remarks Misc

Directions: East on US 12 turn South on Townsend property on right.

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: 121
SqFt: 1507
Occupied: Yes
Monthly Rent: 995
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 2

Unit #: 2
Unit Description: 117
SqFt: 518
Occupied: Yes
Monthly Rent: 600
Bathrooms: 2
Full Baths: 2
Deck/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit #: 3
Unit Description: 115
SqFt: 563
Occupied: Yes
Monthly Rent: 800
Bathrooms: 2
Full Baths: 2
Range/Oven: Yes
Deck/Patio: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Location & Property Info

Cross Streets: Townsend
Property Sub-Type: 2 to 4 Units
Municipality: New Buffalo City

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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.
Legal: LOT 1 BLK 11 ROSE ADD TO VILLAGE OF NEW BUFFALO ALSO THAT PT OF LOT 11 BLK 11 SD ADD LYING DIRECTLY BEHIND SD LOT 1 ALSO THE SLY 33'OF VAC MICHIGAN ST FROM TOWNSEND ST EXT WLY 124.5'PER 1213/619

Water Fea. Amenities

Public Access 1 Mile or Less: Yes

Lot Description

Level: Yes
Ravine: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Window Unit(s): Yes

Tenant Pays

Electric: Yes
Gas: Yes
Trash: Yes
Water: Yes

Driveway

Shared Unpaved: Yes

Substructure

Full: Yes
Michigan Basement: Yes
Partial: Yes

Extras

Sep Electric Meter: Yes
Sep Gas Meter: Yes
Sep Water Meter: Yes

Owner Pays

None: Yes

Possession

Subject To Tenant Rights: Yes

Property Features

Exterior Material: Wood Siding Roofing: Composition Substructure: Full; Michigan Basement; Partial Lot Description: Level; Ravine Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter Owner Pays: None Tenant Pays: Electric; Gas; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Window Unit(s) Driveway: Shared Unpaved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Range Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 2: Deck/Patio; Range/Oven; Refrigerator Unit 3: Range/Oven; Deck/Patio; Refrigerator; Sep. Heat System; W/D Hookup

121 E Michigan Street, New Buffalo, MI 49117