Courtesy of LIGHTHOUSE REALTY-Ludington, Chad Enbody
414 E Ludington Avenue, Ludington, Michigan, 49431
2,198 Sqft
0.19 Acres
5 ba
#26047302
TURNKEY & PROFITABLE LUDINGTON INVESTMENT! Don't miss this rare opportunity on Ludington Avenue, just blocks from downtown and minutes from Lake Michigan! Completely renovated in 2020, the former 8-room Avenue Motel was transformed into three spacious, fully furnished suites—two 2-bedroom/2-bath units and one 1-bedroom/1-bath unit, each with its own full kitchen. Currently operating as successful short- and mid-term rentals, this property has a strong, proven rental history and impressive profitability after expenses. Two newer water heaters, dedicated laundry/utility space and an office add to the turnkey appeal. With a prime location, established income and multiple rental possibilities, this is a ready-to-go investment in one of West Michigan's favorite lakeshore destinations!
PROPERTY FEATURES
- Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Asphalt, Paved
- Parking Total: 8
- Cooling on Property:
- Cooling: Wall Unit(s)
- Heating on Property:
- Heating : Forced Air, Baseboard, Electric
- Construction Materials: Brick, Block, Frame
- Roof: Composition
- Road Surface Type: Paved
PROPERTY DETAILS
ID: 26047302
Status: Active
Price: $650,000
Acres: 0.19 Acres
Price Per Acre: $3,421,053
Type: Other
Address: 414 E Ludington Avenue
City, State: Ludington, Michigan
County: Mason
Zip Code: 49431
Lat/Long: 43.955282, -86.442479
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