521 E F St Iron Mountain, MI 49801
Estimated payment $1,471/month
Highlights
- Porch
- 2 Car Attached Garage
- Forced Air Heating System
About This Home
Three-Unit Income Property – Iron Mountain’s East Side Don’t miss this excellent investment opportunity! This property features a nicely remodeled duplex along with a separate single-family residence — all fully rented to long-term tenants at strong rental rates that generate solid cash flow. The lower unit of the duplex has been taken down to the studs and completely rebuilt with a brand-new kitchen, bathroom, wiring, drywall, windows, and more. Both duplex units offer two bedrooms and one bathroom. Tenants also enjoy access to coin-operated laundry and additional storage space in the basement. The single-family residence has been fully updated inside and features one bedroom plus storage space in the drive-under garage. All rents include landlord-paid utilities, making this a simple and efficient property to manage. Whether you’re expanding your portfolio or looking for a reliable income stream, this property offers a turnkey investment in a desirable East Side location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1923
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50x120
Parking
- 2 Car Attached Garage
Interior Spaces
- 2-Story Property
- Laundry on lower level
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Basement
- Partial Basement
- Block Basement Construction
Outdoor Features
- Porch
Utilities
- Forced Air Heating System
- Radiator
- Boiler Heating System
- Gas Water Heater
Community Details
- 3 Units
- Net Operating Income $32,000
Listing and Financial Details
- Assessor Parcel Number 051-103-698-00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,497 | $61,300 | $61,300 | $0 |
| 2024 | $2,666 | $55,700 | $55,700 | $0 |
| 2023 | $1,544 | $34,300 | $0 | $0 |
| 2022 | $1,933 | $32,300 | $0 | $0 |
| 2021 | $1,871 | $31,400 | $0 | $0 |
| 2020 | $1,868 | $30,300 | $0 | $0 |
| 2019 | $1,818 | $29,200 | $0 | $0 |
| 2018 | $1,782 | $29,200 | $0 | $0 |
| 2017 | $1,318 | $28,500 | $0 | $0 |
| 2016 | $1,288 | $27,300 | $2,600 | $24,700 |
| 2014 | -- | $27,300 | $2,600 | $24,700 |
| 2012 | -- | $27,100 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $224,000 | +94.8% | $94 / Sq Ft | |
| 10/13/2023 10/13/23 | Sold | $115,000 | -20.7% | $48 / Sq Ft | View Prior Sale |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- | |
| 08/17/2023 08/17/23 | Price Changed | $145,000 | -4.9% | $61 / Sq Ft | |
| 08/08/2023 08/08/23 | Price Changed | $152,500 | -0.9% | $64 / Sq Ft | |
| 07/20/2023 07/20/23 | Price Changed | $153,900 | -0.7% | $65 / Sq Ft | |
| 06/23/2023 06/23/23 | For Sale | $155,000 | -- | $65 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $115,000 | -- |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50183682
APN: 051-103-698-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.