210 N Lavinia Street
Ludington, MI 49431

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Description

Investment opportunity - Discover this charming and spacious home nestled on a generous double lot in the heart of Ludington. Just 5 blocks from downtown and 9 blocks to the beautiful beach, this property offers incredible convenience and investment potential. The home features four occupied rental units. Two 2-bedroom units and two 1-bedroom units, each with leases in place, providing a steady income stream. One of the units boasts a sunroom, while the upper unit enjoys a spacious deck, perfect for relaxing or entertaining. Well-maintained income property with some replacement windows and a 12-year-old roof, this property is a reliable investment with a long rental history. All units have separate electric and gas meters and the tenants pay their own utilities while the owner pays water/sewer, allowing for you to maximize your return. Common laundry room on site with coin operated machines for additional cash flow. A detached single car garage and ample off-street parking and a prime in town location make this an exceptional opportunity for investors and those seeking a versatile property in Ludington.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Mason County
• Zip Code: 49431
• Year Built: 1890
• School District: Ludington
• Units: 4 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 8
• Lot Size: 16801 sq ft lot
• Annual Utilities: 3750
• Construction Materials: Vinyl Siding
• Cross Street: Pere Marquette St
• Directions: Ludington Ave to Lavinia, north to the property
• Driveway: Concrete
• Extras: Laundry Facility
• Financial Available: Yes
• Gross Income: 37350
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Insurance Expense: 900
• Laundry Features: Common Area, In Basement, Laundry Room
• Lot Description: Corner Lot, Level, Sidewalk
• Lot Features: Corner Lot, Level, Sidewalk
• Lot Size Area: 0.39
• Lot Size Square Feet: 16800
• Lot Size Units: Acres
• MLS Area Major: MasonOceanaManistee - O
• MLS Area Minor: MasonOceanaManistee - O
• Main Type: Multi Family
• Maintenance Expense: 650
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 4
• Operating Expense: 10000
• Owner Pays: Sewer, Water
• Ownership: Private Owned
• Parcel Number: 53-051-210-049-00
• Parking Features: Concrete
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 260
• Road Surface Type: Paved
• Roof: Composition
• SEV: 80064
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 4747
• Tax Legal Description: C.E.RESSEGUIE'S SECOND ADDITION LOTS 9 & 10 BLOCK 6
• Tax Year: 2024
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 4944
• Township: Ludington
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected
• Water Access: No
• Water Source: Public
• Zoning Description: R-2