$450,000
Ludington, MI 49431
MLS# 25040796
1 / 47
Property 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
Details
Maps
Documents
Location & Property Info
Cross Streets: Pere Marquette St
Property Sub-Type: 2 to 4 Units
Area: MasonOceanaManistee - O
Municipality: Ludington
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 91.02
General Property Info
New Construction: No
Lot Dimensions: 140 x 120
Financial Available: Yes
Road Frontage: 260
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 4944
Total Parking Spaces: 8
School District: Ludington
Lot Measurement: Acres
Lot Square Footage: 16800
Lot Acres: 0.39
Year Built: 1890
Tax Info
Taxable Value: 82545
SEV: 143900
For Tax Year: 2025
Seller's Annual Property Tax: 4843.02
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: Unknown
Zoning: R-2
Tax ID #: 53-051-210-049-00
Remarks & Misc
Public Remarks: 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
Legal: C.E.RESSEGUIE'S SECOND ADDITION LOTS 9 & 10 BLOCK 6
Waterfront Options
Water Access Y/N: No
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Income and Expenses
Annual Insurance: 900
Annual Maintenance: 650
Annual Utilities: 3750
Gross Op. Inc.: 37350
Operating Expense: 10000
Street Type
Paved: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
In Basement: 1
Laundry Room: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Substructure
Full: 1
Extras
Laundry Facility: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: upper
Occupied: Yes
Monthly Rent: 895
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: Main & Up
Occupied: Yes
Monthly Rent: 865
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: main
Occupied: Yes
Monthly Rent: 775
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Basement
Occupied: Yes
Monthly Rent: 795
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Mason
Street #: 210
Street Direction: N
Street Name: Lavinia
Suffix: Street
State: MI
Zip Code: 49431
OfficeContract Info
Status: Active
Current Price: $450,000
List Price: $450,000
Listing Date: 2025-08-12
Remarks Misc
Directions: Ludington Ave to Lavinia, north to the property
Property Features
Laundry Features: Common Area; In Basement; Laundry Room
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: None
Extras: Laundry Facility
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Concrete
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Refrigerator
Supplements
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. Buyer to verify all information.
Seller's Disclosure 
Listing Office: Greenridge Realty S Rath
Listing Agent: Debby Stevenson
Last Updated: March - 24 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.