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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Iron Mountain, MI
Rental Income
$ 129,900
ROI
32.6
Cash Flow/m
465- 4 Bed
- 2 Bath
- 2016 sft
424 6th St, Iron Mountain, MI, 49801
$ 149,500
ROI
36.3Cash Flow/m
688- 3 Bed
- 2 Bath
- 1088 sft
817 River Ave, Iron Mountain, MI, 49801
Rental Income
$ 139,900
ROI
29.5Cash Flow/m
378- 2 Bed
- 2 Bath
- 1224 sft
1025 River Ave, Iron Mountain, MI, 49801
$ 187,900
ROI
22.5Cash Flow/m
141- 2 Bed
- 2 Bath
- 1221 sft
1023 River Ave, Iron Mountain, MI, 49801
Why Invest in Iron Mountain, Michigan?
Investing in multi-family properties in Iron Mountain, MI presents a promising opportunity due to its stable rental market and consistent appreciation. The average ROI aligns well with regional norms, supported by a cap rate that reflects sound cash flow potential. Rental yields remain competitive, bolstered by a steady renter-occupied rate showing sustained demand. These dynamics ensure resilient income streams for investors focused on long-term growth in Michigan's Upper Peninsula.
7.2%
Avg. ROI
6.5%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average cap rate for multi-family properties in Iron Mountain is approximately 6.0%, offering a balanced return compared to similar markets in the region.
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