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405 S Madison Street , 2 Unit

Ludington, MI 49431
  • $194,500
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: 22007878
UPDATED: 54 min ago
$194,500
  • 4
    BEDS
  • 0.19
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,555
    SQFT
  • $125
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:
Area:

School Ratings & Info

School District:

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.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-08-18T19:03:09.993.
www.c21northland.com/homes/126661886
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405 S Madison Street , 2 Unit Ludington, MI 49431

  • Price: $194,500
  • Status: Active
  • On Site: 157 Days
  • Updated: 54 min ago
  • MLS #: 22007878
4
Beds
2
Baths
0
½ Baths
0.19
Acres
1,555
SQFT
$125
$/SQFT
1901
Built
Neighborhood:
Ludington
County:
Mason
Area:
Ludington
School District:
Ludington
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.
Exterior Features

Driveway GravelUnpaved Exterior Material Vinyl Siding Lot Description OtherSidewalk Lot Dimensions 70 X 120 Number Of Buildings 1.00 Parking Spaces 2.0000 Road Frontage 70.00 Roofing Composition Street Type PavedPublic Substructure Crawl SpaceMichigan BasementOtherPartial Waterfront No

Interior Features

Basement Yes Extras Sep Electric MeterSep Gas MeterTenant Storage Heat Source Natural Gas Heat Type Forced Air Unit1 Full Baths 1 Unit1 Half Baths 0 Unit2 Full Baths 1 Unit2 Half Baths 0

Property Features

Annual Property Tax 2082.52 Association Mason Oceana Manistee Association Of Realtors Auction Or For Sale For Sale Homestead Percentage 0.00 Mineral Rights Unknown Multifamily Type 2 To 4 Units New Construction No Owner Pays Trash CollectionWater Possession Close Of Escrow Rent Unit1 700.00 Rent Unit2 775.00 Sale Conditions None Sewer Public Tax Year 2021 Tenant Pays ElectricGas Terms Available CashConventionalTax Def Exchange Unit1 Range OvenRefrigeratorSep. Heat System Unit2 Range/OvenRefrigeratorSep. Heat System Util Avl At Street BroadbandCableElectricNatural GasPublic SewerPublic Water Utilities Attached CableElectricNatural Gas Water Public Zoning R2a

Listing provided courtesy of Michelle Hernandez Sarto of Lighthouse Realty-Ludington. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-08-18T19:03:09.993.
 
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