Josh Stein - Northen Michigan Land Brokers
405 Shelden Avenue
Houghton, MI 49931
906.523.5575 Office
906.370.4898 Cell
906.523.5650 FAX
 
 
421 S SUFFOLK STREET
IRONWOOD, MI 49938

$499,000

 
 
 
PROPERTY DESCRIPTION

Multi - Split Level

Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.

 
BUILDING & CONSTRUCTION

Foundation: Slab

 

Basement:

Construction: Brick,Wood

Garage: Detached Garage

Fireplace:

 

Exterior: Deck,Storms/Screens,Street Lights,Exterior Balcony,Garden Area

Outbuildings:

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Slab

 

Basement:

Green Features:

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric:

 

Natural Gas:

Sewer: Public Sanitary

Water: Public Water

Cable:

 

Telephone:

Propane Tanks:

 

Air Conditioning: Ceiling Fan(s),Wall/Window A/C

Heat: Electric: Baseboard,Electric Heat

 

Supplemental Heat:

 
 
 
LISTING DETAILS

MLS# 50211095

Listing Office:
The Real Estate Store

Listing Agent:
Wyssling, Ellen

LOCATION
421 S SUFFOLK STREET
Ironwood, MI 49938

County: Gogebic

School District: Ironwood Area Schools

Property Tax Area: Ironwood (27006)

Waterfront: No
Water View:
Shoreline:

Road Access:

 
DETAILS
Total Buildings
Number of Units 8.00
Total Building Square Feet 7182.00
Acres (Approx.) 1.44
Lot Dimensions 447x140
Year Built (Approx.) 1970
Status: Active
 
 
ADDITIONAL DETAILS
Number of Levels Bi-Level
 
 
PHOTOS