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About the Listing 672702742058 - 67153116588348
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.
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Baseboard,Forced Air,Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2198
- Below Ground Sq Ft: 2198
- Basement:
- Other: Cable Available,1 Story,Baseboard,Forced Air
- Water: Public (Municipal)
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: N/A
- Lot Dimensions: 60x140
- Roof: Asphalt,Other
- Others: Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Paved
Financial Details
- Tax Amount: $7,000
- Taxes w/Assessments: N/A
- Tax/Property ID: 05122200100
- Tax Year: N/A
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414 E Ludington Ave Ludington, MI 49431
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