$590,000
New Buffalo, MI 49117
MLS# 26018412
1 / 38
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.
Details
Maps
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
General Property Info
New Construction: No
Lot Dimensions: 87 x 132
Road Frontage: 87
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 6
School District: New Buffalo
Lot Measurement: Acres
Lot Square Footage: 6044
Lot Acres: 0.14
Year Built: 1955
Tax Info
Taxable Value: 115656
SEV: 245500
For Tax Year: 2024
Seller's Annual Property Tax: 5142
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: None Known - BTA
Tax ID #: 11-62-6750-0137-00-6
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
Waterfront Options
Water Access Y/N: No
Water Fea. Amenities
Public Access 1 Mile or Less: 1
Lot Description
Level: 1
Ravine: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Water: 1
Driveway
Shared Unpaved: 1
Substructure
Full: 1
Michigan Basement: 1
Partial: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Sep Water Meter: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: 121
SqFt: 1507
Occupied: Yes
Monthly Rent: 995
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 2
Unit #: 2
Unit Description: 117
SqFt: 518
Occupied: Yes
Monthly Rent: 600
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: 115
SqFt: 563
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Range/Oven: 1
Deck/Patio: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Berrien
Street #: 121
Street Direction: E
Street Name: Michigan
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 1139
OfficeContract Info
Status: Active
Current Price: $590,000
List Price: $590,000
Listing Date: 2026-04-28
Remarks Misc
Directions: East on US 12 turn South on Townsend property on right.
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
Listing Office: Keller Williams Realty SWM
Listing Agent: James Garrison
Last Updated: April - 28 - 2026
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