109 W Melendy Street, Ludington, MI 49431

$529,000

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List Price
$529,000
Days on Market
1
MLS#
26048536
Status
ACTIVE
Type
Multifamily

Property Description

Great location just 5 blocks from Ludington Ave and Downtown. Fabulous view of the Harbor View Marina and you can see down the channel to the Lighthouse. Historic home once owned by the company running the S.S. Badger Carferry. Located on the corner of West Melendy and South Rath Ave. Currently a 3 unit rental property generating monthly rent of $3350. Could be converted back to single family home or could be a development property. Zoning would allow up to 7 multi-family units. With space for an additional 5-units by purchasing the property next door, which is available, for a total of 12-units. Plans have been drawn for a 12-unit condo and also a 9-unit project in three buildings. You can view these plans drawn by a well known architect.

Additional Information

Owner Pays
Water
Taxes
$8,282
Acres
0.23
Basement
Full
Heating
Forced Air
School District
Ludington
Tenant Pays
Electricity, Gas, Sewer, Trash Collection
Total Parking Spaces
2
Utilities
Cable Connected, Natural Gas Connected, Phone Connected, Cable Available, Electricity Available, Natural Gas Available
Water
Public Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: David J Moore from Listing Office: LIGHTHOUSE REALTY-Ludington.

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