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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 590,000

Est. payment | -/mo

6,044 Sqft Lot

Save

$ 590,000

Est. payment | -/mo

Save

6,044 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality New Buffalo City

MLS Listing ID 26018412

Year Built 1955

Annual Tax Amount $5,142

Tax Year 2024

Lot Size 6,044 Sqft

Acres 0.14

Lot Dimensions 87 x 132

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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

Direction East on US 12 turn South on Townsend property on right.

Rooms

Basement Full, Michigan Basement, Partial

Interior

Heating Forced Air

Cooling Window Unit(s)

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 6

Building

Lot Description Ravine, Level

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District New Buffalo

Others

Tax ID 11-62-6750-0137-00-6

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams Realty SWM

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: Richard Stewart is an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

121 E Michigan Street New Buffalo, MI 49117