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414 E Ludington Avenue Ludington, MI 49431
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Key Details
Sold Price $495,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,198 sqft
Price per Sqft $225
Subdivision Mi
MLS Listing ID 70321786
Sold Date 08/18/23
Year Built 1954
Annual Tax Amount $5,423
Tax Year 2022
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 60 x 140
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.
Location
State MI
County Mason
Area Ludington (53020)
Interior
Heating Baseboard, Forced Air
Exterior
Garage 6-10 Spaces
Waterfront No
Building
Water Public Water, Public Water at Street
Structure Type Frame,Wood
Others
Ownership LLC
Energy Description Electric
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional,Land Contract
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Bought with LIGHTHOUSE REALTY-Ludington