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414 Silver Street Ironwood, MI 49938
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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,475 sqft
Price per Sqft $48
Subdivision Mi
MLS Listing ID 50124893
Sold Date 04/01/24
Style 2 Story
Bedrooms 8
Full Baths 4
Year Built 1926
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 75x110
Property Description
When considering this 3,475 sq ft 4 plex on the Montreal RIver, know that there is a housing shortage in Ironwood. 1 up 3 down. Thriving, month to month furnished rentals, hosting quiet professionals. Good Cap rate. Ideal location for walkability. Within 3 blocks is a grocery store, coffee shop with breakfast and lunch, a gas station, multiple bars and restaurants, a bank, a pharmacy, and the start of the Iron Bell walking trail/snowmobile trail. Next to the building the city plans to eventually have a walking trail along the river up to Norrie park. On the city owned riverfront lot next door, a perfect kayak launch. Contractor and experienced property manager, owner occupied for the past 5 years. Many updates and improvements. Commercial building next door being sold as well. 408 Silver St. MLS # 50132296
Location
State MI
County Gogebic
Area Ironwood (27006)
Zoning Commercial
Rooms
Basement Stone
Interior
Interior Features Cable/Internet Avail., Hardwood Floors, Sump Pump
Heating Boiler
Cooling None
Fireplace No
Appliance Dryer, Freezer, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Brick
Waterfront Yes
Building
Lot Description Deep Lot - 150+ Ft., Easement, Platted
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Ironwood Area Schools
Others
Ownership LLC
SqFt Source Measured
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with DOMITROVICH REALTY, INC