53
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$595,000
Est. payment /mo
14.5 Acres Lot
New
1907 W Sugar Grove Rd Ludington, MI 49431
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 70487756
Year Built 1985
Annual Tax Amount $988
Tax Year 2024
Lot Size 14.500 Acres
Acres 14.5
Lot Dimensions Irr
Property Sub-Type Multi-Family
Property 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-bedroomm 1-bath units and one undeveloped unit ready for your vision. Each unit is separately metered, allowing tenants to pay their own utilities. Every unit has its own well and septic system, ensuring low maintenance costs and operational efficiency. With Steady rental income from leases already in place, this property is perfect for investors seeking immediate returns.
Location
State MI
County Mason
Area Victory Twp (53015)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Mason County Central Schools
Others
Energy Description LP/Propane Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greenridge Realty S Rath