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39 Beds
23 Baths
18,934 sqft

$1,092,250

246 Ashland Court, Ironwood MI, 49938

Price per sqft$57.69
Built in1975
Property size18,934 sqft
Property typeCondominium

Overview

Active

Listed Jun 11, 2026

Updated Aug 25

Premier Multi-Family Investment Opportunity – 21 Rental Units & 24 Garages on One Street Rarely does an investment opportunity of this scale and stability become available. This impressive portfolio includes 21 rental units and 24 garages, all conveniently located along the same street, creating exceptional management efficiency and strong long-term rental appeal. The property consists of a beautiful 15-unit brick apartment building along with three duplexes—one side-by-side duplex and two upper/lower duplexes—offering a diverse mix of unit styles that attract a broad tenant base. The centerpiece of the portfolio is the stately 15-unit brick apartment building, featuring three secure entrances serving both upper and lower levels. Units 1–12 offer spacious 2-bedroom, 1-bathroom floor plans, while three additional 1-bedroom, 1-bathroom apartments are located on the lower level. Tenant amenities include coin-operated laundry facilities, storage units, a common bathroom, and garage rentals, adding convenience and supplemental income potential. Most apartments also feature private balconies. The duplexes provide additional character and variety. The side-by-side duplex offers private back decks and dedicated garage spaces, creating a single-family-home feel for tenants. The standout property is the impressive 302/304 Ashland Court duplex. While modest in appearance from the exterior, the interior reveals remarkable charm and craftsmanship, including original woodwork, a stunning fireplace, soaring ceilings, spacious kitchens, and generous living areas. The lower unit features two bedrooms and two bathrooms, while the upper unit offers two bedrooms, abundant natural light, and exceptional living space. This property still needs some elbow grease to shine it up, but the sweat equity will surely pay off. Envision the possibilities... The portfolio has a proven track record of strong occupancy and consistent rental demand, with vacancies historically remaining short-lived. Ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay their own electricity. Located just minutes from downtown, residents enjoy convenient access to local shops, restaurants, community events, and year-round entertainment. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment with scale, stability, and upside potential, this package presents a truly exceptional opportunity.

$7,267/mo

Est. mortgage payment based on a $1,092,250 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
50211077

Interior Features

Bedrooms
39
Bathrooms
23
Fireplace
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.73 Acres

Other Property Details

Taxes
$20,652
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listed by ELLEN WYSSLING with THE REAL ESTATE STORE
Listing Contact: 906-364-0655 

Based on information originating from the MiRealSource as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 8/25/2026 at 9:41 AM UTC

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