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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Ludington
MLS Listing ID 22007878
Sold Date 01/27/23
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1901
Annual Tax Amount $2,082
Tax Year 2021
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 70 x 120
Property Description
Great Investment Opportunity with this updated 2 unit in the City of Ludington! Multi-family HOME w/2 rental units.Unit 1-Main floor of the home is a 2 bedroom;1 NEW REMODELED Bath w/spacious living & KITCHEN area.NEW FLOORING THROUGHOUT(Nov 2020). Covered front porch w/Mudroom entrance also part of this unit, plus access to the basement for storage.Unit 2-upper level-accessed from a private exterior entrance with large covered porch.This unit offers 2 bedrooms, 1 bath, cozy living room & sizable kitchen w/eating area and walk-in Pantry. Utilities are metered separately (tenants pay gas/electric). Landlord pays water/sewer bill. PRIVATE PARKING off the alley. Just a few blocks to Lake Michigan beach, LUDINGTON downtown district, marinas, Hospital & NEW ELEMENTARY SCHOOL COMPLEX. Great Opportunity to Own an already generating INCOME Property:2 UNIT property with DEFINITE INCREASED INCOME potential. Well maintained, charming details, lovingly restored investment property! This spacious home was converted into a DUPLEX & Each unit was remodeled;New Windows through most of property,NO LAPSE in rental INCOME. This WELL MAINTAINED PROPERTY is Sitting on an extra large lot With Many Possibilities:Private back yard is the perfect place for tenants to enjoy outdoor space. This Property offers the opportunity to live in one Unit and lease the other or continue generating the income based potential. Potential to Easily convert the property to a single family residence to fit your family needs.This wonderful Ludington listing is a great rental, vacation, or year-round home. You could live in one of the units and offset your payment with the rent from the second unit. Tenants are currently in mo to mo status. Looking to invest in Real Estate? This is your perfect opportunity to buy your very own 2 unit Property in the heart of LUDINGTON. You won't want to miss out on this ideal turn-key income property. A MUST SEE PROPERTY! City of Ludington inspection compliance certificate on file.
Location
State MI
County Mason
Area Masonoceanamanistee - O
Direction From Ludington Ave Go South on Madison to property on East.
Rooms
Basement Other, Crawl Space, Michigan Basement, Partial
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 1
Exterior
Garage Driveway, Gravel, Unpaved
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Parking Type Driveway, Gravel, Unpaved
Total Parking Spaces 2
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding, Other
New Construction No
Schools
School District Ludington
Others
Tax ID 051-333-009-00
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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United Country Midwest Lifestyle Properties
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