Ludington, MI 49431,414 E Ludington Avenue
Ludington, MI 49431,414 E Ludington Avenue
Ludington, MI 49431,414 E Ludington Avenue
99
$495,000
$495,000
Est.Price: ?

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2,198 SqFt

414 E Ludington Avenue Ludington, MI 49431

Est. payment /mo
SOLD DATE : 08/18/2023

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by EXP Realty LLC
Bought with LIGHTHOUSE REALTY-Ludington

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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