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$ 590,000
Est. payment | /mo
6,098 Sqft Lot
$ 590,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70528101
Year Built 1955
Annual Tax Amount $5,142
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 87 x 132
Property Sub-Type Multi-Family
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.
Location
State MI
County Berrien
Area New Buffalo (11037)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Wood
Building
Lot Description Ravine
Foundation Basement
Structure Type Wood
Schools
School District New Buffalo Area School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Realty SWM