$495,000
$495,000
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2,198 SqFt
SOLD DATE : 08/18/2023
Key Details
Sold Price $495,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,198 sqft
Price per Sqft $225
MLS Listing ID 65023025161
Sold Date 08/18/23
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1954
Annual Tax Amount $5,423
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 60 x 140
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 Ludington
Direction Ludington Ave 1 mile east of Stearns Park beach
Interior
Heating Baseboard, Forced Air
Heat Source Electric
Exterior
Pool No
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Frame,Wood
Schools
School District Ludington
Others
Tax ID 05122200100
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
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Bought with LIGHTHOUSE REALTY-Ludington
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