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Key Details
Sold Price $495,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Municipality Ludington
MLS Listing ID 23025161
Sold Date 08/18/23
Full Baths 6
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1954
Annual Tax Amount $5,423
Tax Year 2022
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Seller financing terms available. This turn key property is a 3 unit short term and mid term rental in an opportunity zone. This is a previous motel that has been fully renovated and sits on a hotel/motel lot where short term rentals cannot be restricted. Units 1 and 3 are 2 bedroom, 2 bathroom units and the 3rd is a 1 bedroom 1 bathroom unit; Building also contains a laundry/utility room as well as an office. Walk through videos of each unit available upon request. Property management and cleaning are in place. There's still time to purchase and collect August rents. Seller is a licensed real estate agent in the state of Michigan.
Location
State MI
County Mason
Area Masonoceanamanistee - O
Direction Ludington Ave 1 mile east of Stearns Park beach
Interior
Cooling Wall Unit(s)
Fireplaces Number 1
Exterior
Garage Asphalt, Driveway, Paved
Utilities Available Cable Connected, Public Water, Public Sewer, Natural Gas Connected, Electricity Available, Natural Gas Available
Waterfront No
View Y/N No
Parking Type Asphalt, Driveway, Paved
Total Parking Spaces 8
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ludington
Others
Tax ID 051-222-001-00
Ownership LLC
Acceptable Financing Conventional, Contract, Cash
Listing Terms Conventional, Contract, Cash
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