This listing is under contract.

10-unit apartment building in a great location!

1021 Cedar Ave. Iron Mountain, MI 49801

1021 Cedar Ave., Iron Mountain, MI, 49801
1021 Cedar Ave., Iron Mountain, MI, 49801
UNDER CONTRACT FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$650,000
Last Verified:
Nov 22, 2021

Great opportunity to expand your investment property portfolio! Ten unit apartment building situated in a fantastic location within walking distance of the mall. Offering an excellent rental history, it also features a paved rear parking lot, coin-op laundry, & individual storage units in basement. It's been very well-maintained with many updates throughout the individual units and to the building in general.

Map of 1021 Cedar Ave., Iron Mountain, MI, 49801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.