Courtesy of LIGHTHOUSE REALTY-Ludington, Chad Enbody

414 E Ludington Avenue, Ludington, Michigan, 49431

$650,000
2,198 Sqft
0.19 Acres
5 bd
5 ba
#26047308
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! This is a 3 separate unit motel. 2-two bed 2 bath units and 1-one bedroom one bath unit all have their own full kitchen. Laundry facility is on premises in its own separate room.

PROPERTY FEATURES

  • Total Rooms: 5
  • Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Asphalt, Paved
  • Architectural Style : Ranch
  • Cooling on Property:
  • Cooling: Wall Unit(s)
  • Heating on Property:
  • Heating : Forced Air, Baseboard, Electric
  • Construction Materials: Brick
  • Roof: Other, Asphalt
  • Road Surface Type: Paved
  • Interior Features: Master Downstairs
  • Windows Features: Insulated Windows
  • Flooring : Laminate
  • Laundry Features : Main Level
PROPERTY DETAILS
ID: 26047308
Status: Active
Price: $650,000
Acres: 0.19 Acres
Price Per Acre: $3,421,053
Type: Single Family / Detached
Address: 414 E Ludington Avenue
City, State: Ludington, Michigan
County: Mason
Zip Code: 49431
Lat/Long: 43.955282, -86.442479
Presented By: Chad Enbody
Phone:
Email: Click to Contact