121 E Michigan Street, New Buffalo City, MI 49117
Berrien County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1955
Lot Size
0.14 acres
Lot Dimensions
87 x 132
Parking Spaces
6
MLS® Listing#
69026018412
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,142
Tax year 2024
Assessed Value
$115,656
Parcel Number
116267500137006
Directions
East on US 12 turn South on Townsend property on right.
Affordability Calculator
$118,000
Estimated monthly payment
$3,140/mo
Principal $472,000 · Est. interest $658,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Buffalo City, MI
- $235,857
- Median Listing Price
- 64
- Median Days on Market
- 1,484
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,468
- Active Listings
- This home’s price is 150% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Buffalo City, MI.
Location
Points of Interest in New Buffalo City, MI
Showing the New Buffalo City area map.
Nearby Schools
New Buffalo High School
Secondary · 0.1 mi away
St Mary of the Lake School
School · 0.5 mi away
New Buffalo Area Schools
School · 0.7 mi away
New Buffalo Middle School
Secondary · 0.7 mi away
New Buffalo Elementary School
Elementary · 1.1 mi away
Springfield Elementary School
Elementary · 5.0 mi away
Notre Dame School
School · 5.9 mi away
La Lumiere School
Elementary · 6.2 mi away
Three Oaks Elementary School
Elementary · 6.9 mi away
River Valley School District
Secondary · 7.3 mi away
Renaissance Academy
Elementary · 7.4 mi away
Krueger Middle School
Secondary · 7.8 mi away
Michigan City Area Schools
School · 8.6 mi away
Chikaming Elementary School
Elementary · 8.7 mi away
Lake Hills Elementary School
Elementary · 8.7 mi away
Michigan City Area Schools
School · 8.9 mi away
Queen of All Saints School
School · 9.1 mi away
Joy Elementary School
Elementary · 9.5 mi away
Marsh Elementary School
Elementary · 9.7 mi away
Elston Middle School
Elementary · 9.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 18 Franklin Street, Hartford City, MI | $420,000 | 6 | 2 | 3,808 |
| 721 E Bridge Street, Plainwell City, MI | $425,000 | 6 | — | 5,142 |
| 1986 W Boston Boulevard, Detroit City, MI | $425,000 | 6 | 6 | 4,020 |
| 2311 22nd Street, Bay City City, MI | $425,000 | 8 | 4 | 3,132 |
| 18741 Schoolcraft, Detroit City, MI | $425,000 | 8 | 6 | 4,296 |
| 2665 Ridgecroft Drive SE, Kentwood City, MI | $425,000 | 6 | — | 2,880 |
Moving Cost Estimate
EXIT Agents in New Buffalo City
Listing Courtesy: Keller Williams Realty SWM - 2694692911
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