414 E Ludington Avenue Ludington, MI 49431
Retail
MLS #: 26047302
Courtesy Of Lighthouse Realty Ludington Manistee
503 S Rath, Ludington, MI 49431
503 S Rath, Ludington, MI 49431
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Building Units: 3
- Cooling System: Wall Unit(s)
- Exterior Type: Brick
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: RESSEGUIE'S ADDITION LOT 1 BLOCK 2
- MLSID: 26047302
- Parking Spaces: 8
- Roof Type: Composition
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
MAP & DIRECTIONS
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