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Iron Mountain,MI 49801
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,380 sqft
Price per Sqft $94
Subdivision Mi
MLS Listing ID 50183682
Style 2 Story
Bedrooms 5
Full Baths 3
Year Built 1923
Annual Tax Amount $3,577
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x120
Property Sub-Type Multi-Family
Property Description
Three-Unit Income Property – Iron Mountain's East Side Don't miss this excellent investment opportunity! This property features a nicely remodeled duplex along with a separate single-family residence — all fully rented to long-term tenants at strong rental rates that generate solid cash flow. The lower unit of the duplex has been taken down to the studs and completely rebuilt with a brand-new kitchen, bathroom, wiring, drywall, windows, and more. Both duplex units offer two bedrooms and one bathroom. Tenants also enjoy access to coin-operated laundry and additional storage space in the basement. The single-family residence has been fully updated inside and features one bedroom plus storage space in the drive-under garage. All rents include landlord-paid utilities, making this a simple and efficient property to manage. Whether you're expanding your portfolio or looking for a reliable income stream, this property offers a turnkey investment in a desirable East Side location.
Location
State MI
County Dickinson
Area Iron Mountain (22007)
Zoning Multi-Family
Rooms
Basement Block,Partial
Dining Room Eat-In Kitchen
Kitchen Eat-In Kitchen
Interior
Heating Boiler,Forced Air,Radiator
Cooling None
Fireplace No
Appliance Other-See Remarks
Exterior
Exterior Feature Other
Parking Features Attached Garage
Garage Spaces 2.0
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Other
Schools
School District Iron Mountain City School District
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Financing Cash,Conventional,Conventional Blend