$500,000 For Sale

1907 W Sugar Grove Rd
Ludington, MI 49431

6 units | Multi Family Home
14.5 acres - MLS# 25041102
Property Photo
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Description

Investment Opportunity. 14.6 acres with Multiple Rental Units & Pole Barn This versatile income-producing property features two residential buildings with a total of five rental units (with potential for a sixth) plus a large pole barn, all situated on 14.6 acres in a prime central location. Building 1 offers two spacious 4-bedroom, 2-bath units, each with walkout lower levels and laundry areas.
Building 2 includes four units—three completed 2-bedroom, 1-bath units and one undeveloped unit ready for your vision. Each unit is separately metered, allowing tenants to pay their own utilities. One well and one septic system for all units, ensuring low maintenance costs and operational efficiency. With steady rental income from leases already in place, this property is perfect for The large pole barn provides additional storage or income potential. Located across the street from West Shore Community College and centrally positioned between Ludington, Scottville, and Manistee, this property offers convenient access to area amenities and a strong tenant pool.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family
  • Listing Status: Active
  • County/Area: Mason County
  • Zip Code: 49431
  • Year Built: 1985
  • School District: Mason Cnty Central
  • Units: 6 units
  • Basement: Full, Yes, Yes
  • # of Parking Spaces: 10
  • Lot Size: 14.5 acres
  • Construction Materials: Vinyl Siding
  • Cross Street: N Stiles Rd
  • Directions: US 10 to Stiles Rd, North to Sugar Grove, East to the property
  • Driveway: Shared Unpaved, Gravel
  • Extras: Sep Electric Meter, Sep Gas Meter
  • Financial Available: Yes
  • Heat Source: Propane
  • Heat Type: Forced Air
  • Heating: Forced Air
  • Laundry Features: In Basement, Laundry Room
  • Lot Size Area: 14.5
  • Lot Size Square Feet: 631620
  • Lot Size Units: Acres
  • MLS Area Major: MasonOceanaManistee - O
  • MLS Area Minor: MasonOceanaManistee - O
  • Main Type: Multi Family
  • Number Of Buildings: 3
  • Number Of Diff Unit Floor Plans: 2
  • Ownership: Private Owned
  • Parcel Number: 53-015-034-007-00
  • Parking Features: Gravel
  • Possession: Close Of Escrow, Subject To Tenant Rights
  • Road Frontage: 813
  • Road Surface Type: Paved
  • Roof: Composition
  • SEV: 165200
  • Sewer: Septic Tank
  • Street Type: Paved, Public
  • Tax Annual Amount: 3892
  • Tax Legal Description: X85SPLIT 80 PT 034 010 00 NEW 80 SPLIT 1991PARCEL 1 - PART OF NW 1/4 OF NE 1/4 DESCAS COMM S 89 DEG 02'E 527 FT ALG N LINE OF SEC FROM N 1/4 COR, TH S 89 DEG 02'E 820.82 FT ALG N LINE OF SEC TO E 1/16 LINE, TH N 89 DEG 02'W 264 FT, TH N 00 DEG 24'19'W 330 FT, TH N 89 DEG 02'W 567.25 FT, TH N 00 DEG 30'E 660 FT TO POB. SEC 34 T19N R17W 14.5 A M/L E APT HOUSE-1893 W SUGAR GROVE RD
  • Tax Year: 2024
  • Tenant Pays: Electricity, Gas
  • Terms Available: Cash, Conventional
  • Township: Victory Twp
  • Utilities: Cable Connected, Electricity Connected, Propane
  • Water Access: No
  • Water Source: Well
  • Zoning Description: 401
Courtesy of Debby Stevenson, Greenridge Realty S Rath
Source: Michigan Regional Information Center (MichRIC)
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