710 W Ludington Ave - Hospitality FOR SALE


Ludington, MI 49431
$1,900,000 USD
989-980-7359
710 W Ludington Ave, Ludington, MI for Sale
$1,900,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

710 W Ludington Ave
Ludington, MI 49431


OVERVIEW

MOXIE is proud to present Mitten Flats for sale. This boutique hotel is conveniently located 2 block from Lake Michigan and within walking distance to downtown Ludington and features many high end amenities like an outdoor fire pit, hot tub, beach equipment, yard games and many renovated decks and seating areas. Comprised of 6 Airbnb units (1 house and 5 units), the high quality finishes allow a new owner to capitalize on an already stabilized, high-performing boutique hotel in a desirable location within walking distance to the beach. Tons of capital expenditures have been completed, this investment property is turnkey and has proven systems and vendors already in place allowing you to maximize cashflow and bookings immediately.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$538 USD /SF

# OF ROOMS

13

PRICE/ROOM

$146,154 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mitten Flats

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1924

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-201

APN/PARCEL ID

051-105-216-00

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.