414 E Ludington Avenue, Ludington, MI 49431
$495,000.00 - Sold
- MLS#: 23025161
- Total Bldgs: 1
- Fin Bldg Lvls: 1
- Type: Retail/Commercial
- School District: Ludington
- County: Mason
- Taxing Authority: Ludington
- Year Built: 1954
- Year Remodeled:
- Below Grade:
- Exterior:
- Driveway: Asphalt,Paved
- Parking: 8
- Air: Wall Unit(s)
- Bldg Sq Ft: 0
- Office Sq Ft: 0
- Retail Sq Ft: 0
- Warehouse Sq Ft: 0
- Other Sq Ft: 0
- Street Type:
- Road Frontage: 60
- Heat: Baseboard,Forced Air/Electric
- Water: Public
- Sewer: Public
- Roofing:
- Docks: 0
- Doors: 0
- Ceiling Height: 0
Legal: RESSEGUIE'S ADDITION LOT 1 BLOCK 2.
- Taxable Value: 91,100
- SEV: 91,100
- For Tax Year: 2022
- Annual Property Tax: 5,423
- Tax Year: 2022
- Homestead %: 0
- Spec Assmt/Tyle: None
- Zoning:
- Tax ID: 051-222-001-00
- Lot Size: 60 x 140
- Acreage: .19
- New Construction: No
- Construction Type: Frame/Wood
- Construction Status:
- Addtl Features:
- Uses: Other
- Util Available: Cable,Electric,Natural Gas,Public Sewer,Public Water
- Util Attached: Cable,Electric,Natural Gas
- Current Use: Furnished Rental
- Terms: Cash, Conventional, Land Contract
- Original Price: 495,000.00
- Directions: Ludington Ave 1 mile east of Stearns Park beach
- Property Description: Seller financing terms available. This turn key property is a 3 unit short term and mid term rental in an opportunity zone. This is a previous motel that has been fully renovated and sits on a hotel/motel lot where short term rentals cannot be restricted. Units 1 and 3 are 2 bedroom, 2 bathroom units and the 3rd is a 1 bedroom 1 bathroom unit; Building also contains a laundry/utility room as well as an office. Walk through videos of each unit available upon request. Property management and cleaning are in place. There's still time to purchase and collect August rents. Seller is a licensed real estate agent in the state of Michigan.
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