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.
New Buffalo is located in Michigan. New Buffalo, Michigan has a population of 1,433. New Buffalo is less family-centric than the surrounding county with 23.17% of the households containing married families with children. The county average for households married with children is 24.06%.
The median household income in New Buffalo, Michigan is $59,226. The median household income for the surrounding county is $55,893 compared to the national median of $69,021. The median age of people living in New Buffalo is 51 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 40.1 inches per year, with 53.9 inches of snow per year.
