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 Ontonagon County

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 Iron County

 Gogebic County

421 S Suffolk Street

Ironwood, MI 49938

$499,000

MLS# 50210051

LISTING STATUS

Active

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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

SCHOOL DISTRICT

COUNTY

Gogebic

WATERFRONT

No

PROPERTY TAX AREA

Ironwood (27006)

ROAD ACCESS

City/County, Paved Street, Year Round

BUSINESS TYPE

Apartment Bldg

TOTAL BUILDING SQ FT

7160.00

ACRES (APPROX.)

1.44

LOT DIMENSIONS

447x140

YEAR BUILT (APPROX.)

1970

ZONING

Residential

Utilities

HEATING

Electric: Baseboard, Electric Heat

UTILITES

Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected, Internet Spectrum

AIR CONDITIONING

Ceiling Fan(s),Wall/Window A/C

SEWER

Public Sanitary

WATER

Public Water

Building & Construction

EXTERIOR CONSTRUCTION

Wood

FOUNDATION

Slab

EXTERIOR FEATURES

Deck/Patio, Garden Area

COMMERCIAL FEATURES

110 Volt Power, 220 Volt Power, Bath, Cable Internet Installed, Cable TV Available, Cafe/Kitchen, Carpet, Ceramic Floor, Internet Available, Flr Thickness: 4+ - 6 In., Living Quarters, Living Quarters Attached, Occupied, Overhead Doors, Private Restrooms, Telephone

PARKING

6-10 Spaces, Off Street, On Site, Parking Lot

 

Listing Details

LISTING OFFICE

The Real Estate Store

LISTING AGENT

Wyssling, Ellen

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