Listing provided courtesy of Keller Williams Realty SWM- MLS# 26018412MLS Provider

121 E Michigan StreetNew Buffalo, MI 49117

Multi-Family · 0.14 Acres
$590,000 Active

121 E Michigan Street Overview

Time on Site:
62 days
Visits:
1

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.

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121 E Michigan Street Facts & Features

  • Type Multi-Family
  • Lot 0.14 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1955

Location/Region

  • County Or Parish: Berrien

Rent/Lease Information

  • Tenant Pays: Electric,Water,Trash,Gas

Tax Information

  • Tax Annual Amount: 5142.0

General Information

  • Parcel Number: 11-62-6750-0137-00-6
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Lot Information

    • Lot Features: Ravine,Level
    • Lot Size Acres: 0.14
    • Lot Size Area: 0.14
    • Lot Size Dimensions: 87 x 132
    • Lot Size Square Feet: 6044.0
    • Lot Size Units: Acres
    • Road Surface Type: Paved

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Construction Materials: Wood Siding
    • Roof: Composition

    General Information

    • Number Of Units Total: 3
    • Sewer: Public Sewer
    • Utilities: Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Cable Connected

    121 E Michigan Street Neighborhood

    Community

    49117 (NEW BUFFALO) Demographics

    57
    Median Age
    173
    Population Density (per sq. mile)
    53%
    College Educated
    $55,147
    Estimated Median Income
    1,444
    Estimated Total Home Owners
    408
    Estimated Total Renters
    78% / 22%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    121 E Michigan Street Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    121 E Michigan Street Market Data

    Based on the last 30 days in this zip code

    $1,042,679
    Average List Price
    $463
    Average Price per Square Foot
    16
    Properties Sold
    104
    Average Days on Market
    130
    Properties for Sale
    Calculations provided by Reliance Network