414 E Ludington Avenue, Ludington, MI 49431

About this property

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 details

MLS #

26047308

Status

Active

Property type

Residential

Sub type

Single Family Residence

County

Mason

Township

Ludington

Year built

1954

Lot size

0.19 ac

Waterfront

No

Interior

Heating

Baseboard, Forced Air

Cooling

Wall Unit(s)

Fireplaces

0

Basement

Other

Laundry

Main Level

Windows

Insulated Windows

Stories

1

Total building area

2,198 sq ft

Exterior

Style

Ranch

Construction

Brick

Roof

Asphalt

Parking

Garage

No

Parking

Paved, Asphalt

Lot and water

Lot size

8,276 sq ft

Lot features

Corner Lot

Road surface

Paved

Utilities

Water source

Public

Utilities

Cable Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available

Taxes

Annual taxes

$7,000

Tax year

2025

Schools

School district

Ludington

More

New construction

No