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Jenn Smart

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1114 N Douglas , Ironwood, MI 49938
$339,150
Est. Payment: $1,767.36/mo
11 Bed
7 Bath
4960 Sqft
Status: active | Days on site: 83
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Excellent 7-Unit Investment Opportunity with Garages & Scenic Setting Discover a versatile income-producing property featuring seven rental units, including a six-unit apartment building and a single-family rental home, complemented by four garage units, ample on-site parking, and additional parking located across the road. The apartment building offers a desirable mix of one- and two-bedroom, one-bathroom units designed to appeal to a wide range of tenants. Residents enjoy the convenience of coin-operated laundry facilities, private balconies, and peaceful wooded views. Nestled near a local ski area and arboretum, tenants frequently enjoy sightings of wildlife and the natural beauty that surrounds the property, creating a unique rental experience that sets these units apart. Adding further value is the three-bedroom, one-bathroom single-family home, featuring both a living room and a family room, providing ample space for comfortable living. The home also includes a full basement, a newer furnace, and updated electrical service, offering peace of mind for both owner and tenant. Situated in one of the area's more scenic neighborhoods, this property offers the perfect balance of tranquility and convenience. Residents enjoy easy access to grocery stores, college, shopping, recreation, and other everyday amenities while still benefiting from a peaceful, nature-filled setting. With multiple income streams, garage rental potential, strong tenant appeal, and a desirable location, this property presents an outstanding opportunity for investors seeking a stable and attractive addition to their portfolio.

Highlights

Listed by ELLEN WYSSLING , 906-364-0655 and JANICE WYSSLING , 906-285-0191 THE REAL ESTATE STORE , 906-932-5406. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.76

Year Built

1970

County

Gogebic

Area

Ironwood (27006)

Neighborhood

Original Plat

School District

Ironwood Area Schools

Listing ID

50211089

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:11
  • Bathrooms:7
  • Full Bathrooms:7
Appliances:Dryer, Range/Oven, Refrigerator, Washer
Air Cond:Ceiling Fan(s),Wall/Window A/C
Fireplaces:
Above Ground Sq Ft:4960
Basement:Block
Water:Public Water

Exterior Features

Lot:Treed
Lot Dimensions:111x105& 156x137
Zoning:Residential
Others:
  • Additional:Sidewalks, Street Lights, Exterior Balcony, Garden Area
Sewer:Public Sanitary
Parking Features:Detached Garage,Electric in Garage,Gar Door Opener,Off Street,3 or More Spaces,Garage,Unassigned/General,Lighted
Principal Interest
$1,767
Taxes
$469

Home Price

$339,150

Loan Details

30 yrs
6.792%

Down Payment

20%
$67,830
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,767.36

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,767.36 $468.84 $0.00 $2,236.19
Yearly $21,208.29 $5,626.02 $0.00 $26,834.31
Total $636,248.82 $168,780.60 $0.00 $805,029.42
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Ironwood, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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