Furnished Short-Term Rental
New
For Sale
$650,000
414 E Ludington Ave, Ludington, MI 49431
Renovated lodging property with three furnished suites, full kitchens, dedicated utility space, and an office.
Property SizeContact for details
Days on Market2
Property Features for 414 E Ludington Ave
General Information
Standard status
Active
Property subtype
Commercial
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,000
Amenities
dedicated laundry/utility space
office
Building Details
Year Built
1954
Year Renovated
2020
Buildings
1
Units
3
Listing Agency:
Lighthouse Realty Ludington Manistee
Listed By:
Chad Enbody
(231) 794-8961
Source:
Elliman
Added: Sep 6
Last Checked: Sep 6 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lighthouse Realty Ludington Manistee
Investment Insights
Based on property information with market context.
Located at 414 E Ludington Ave in Ludington, this short-term rental property contains three furnished suites created through a 2020 renovation of the former 8-room Avenue Motel. The configuration includes two 2-bedroom/2-bath suites and one 1-bedroom/1-bath suite, with a full kitchen in each unit. Dedicated laundry and utility space, two newer water heaters, and an office support the current setup.
The property is positioned just blocks from downtown and minutes from Lake Michigan. It is currently operated as a short- and mid-term rental property, with the existing layout accommodating multiple rental arrangements. Built in 1954, the property offers an established lodging configuration within Ludington’s lakeshore market.
The property is positioned just blocks from downtown and minutes from Lake Michigan. It is currently operated as a short- and mid-term rental property, with the existing layout accommodating multiple rental arrangements. Built in 1954, the property offers an established lodging configuration within Ludington’s lakeshore market.
Key Highlights
- Three furnished rental suites: two 2‑bedroom/2‑bath units and one 1‑bedroom/1‑bath unit
- Each suite includes a full kitchen
- Renovated in 2020 from a former 8‑room motel
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 49431, MI
17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated lodging property with three furnished suites, full kitchens, dedicated utility space, and an office.
Where is this short term rental property located?
The property is located at 414 E Ludington Ave Ludington, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three furnished rental suites: two 2‑bedroom/2‑bath units and one 1‑bedroom/1‑bath unit; Each suite includes a full kitchen; Renovated in 2020 from a former 8‑room motel
