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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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414 E Ludington Ave , Ludington, MI 49431
$650,000
Est. Payment: $1,444.44/mo
0 Bed
5 Bath
2198 Sqft
Status: Active | Days on site: 11
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By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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!
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Highlights

Listed by Chad Enbody , 231-794-8961 and LeAnne D Enbody , 231-233-0389 LIGHTHOUSE REALTY-Ludington , 231-845-7500.

Property Type

Commercial Sale
Lot/Acreage
0.19

Year Built

1954

County

Mason

 School District

Ludington

Listing ID

26047302

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Air Cond:Wall Unit(s)
Fireplaces:

Exterior Features

Garage Capacity:8
Roof:Composition

Open House

Upcoming Open Houses
Thursday 5:00 pm - 7:00 pm Sep 17
Principal Interest
$1,444
Taxes
$583

Home Price

$650,000

Loan Details

30 yrs
%

Down Payment

20%
$130,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,444.44 $583.33 $0.00 $2,027.78
Yearly $17,333.33 $7,000.00 $0.00 $24,333.33
Total $520,000.00 $210,000.00 $0.00 $730,000.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ludington, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.