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421 S SUFFOLK STREET
IRONWOOD, MI 49938

$499,000
MLS# 50211095

 

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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.

 
LOCATION
421 S SUFFOLK STREET
Ironwood, MI 49938

County: Gogebic

School District: Ironwood Area Schools

Property Tax Area: Ironwood (27006)

Waterfront: No
Water Features:

Road Access:

MAP BELOW

 
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
 
BUILDING & CONSTRUCTION

Foundation: Slab

 

Basement:

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

Garage: Detached Garage

Fireplace:

 

Accessibility:

Green Features:

 

Basement:

     

Construction Features:
Brick,Wood

 
UTILITIES, HEATING & COOLING

Sewer: Public Sanitary

Water: Public Water

     

Heat: Electric: Baseboard,Electric Heat

 

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

     
 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
*
* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.
 
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Listing Office:
The Real Estate Store

Listing Agent:
Wyssling, Ellen

 
 
 
 

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REAL ESTATE

Search MLS Properties
Today's New Listings

Featured Listings
Land Contract Properties

 

JOURNALS, MEDIA
& MORE

Pic of the Day
Josh's Journal

Property Tax Estimator
Snowfall Total Contest

WEBCAMS

Houghton  Webcam
Bald Eagle Cam
Duluth Canal Cam
Mackinaw Bridge Cam

MTU Campus Cam

HUNTING &
FORESTRY

U.P. Deer Blind
Northwoods Forest Mgmt.

 

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