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About This Home
This 2-bedroom, 2-bathroom residential multi family at 831 S Stephenson Avenue in Iron Mountain, MI is listed for $212,800 ($203 per sqft). Built in 1887, the home offers 1,050 sqft of living space on a 0.13 acres lot.
Two Homes, One Incredible Investment Opportunity! 827 & 831 S Stephenson Ave are being sold together for price listed, offering exceptional income potential and endless possibilities for investors or owner-occupants alike. Situated on separate parcels, these properties feature multiple income-producing units with a shared driveway.
Both 827 and 831 feature upper and lower 1 bed, 1 bath units. At 831, the lower unit is currently being used as a business space. Together, these properties provide multiple sources of rental income and flexible options for investors or owner-occupants.
Whether you're looking to expand your portfolio, live in one unit while generating income from the others, or maximize cash flow with mixed-use potential, this unique package is full of opportunity. MLS # 50208093 & MLS # 50208094 are both included for total purchase price listed.
Key Features
- Built in 1887
- 0.13 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,138/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
831 S Stephenson Avenue
Iron Mountain, MI 49801
Spies & Jenkins 1st Add
Property Details
Heating
Questions & Answers
This 2-bedroom, 2-bathroom residential multi family at 831 S Stephenson Avenue is listed at $212,800 ($203/sqft). The estimated monthly payment is $922 based on 20% down at 6.5% interest.
Key features include: Built in 1887, 0.13 acre lot, 2 stories.
This property is listed by THOMAS MINER and can be reached at 9062217955 or tommy@multistatewide.com.
