$550,500
$550,500
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1309 Ludington Street Escanaba, MI 49829
9,000 SqFt
Key Details
Sold Price $550,500
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $61
Subdivision Mi
MLS Listing ID 50164991
Sold Date 01/20/25
Year Built 1903
Annual Tax Amount $6,258
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x140
Property Sub-Type Commercial/Industrial
Property Description
This fully rented 10-unit apartment complex has a strong rental history with long-term tenants and offers a secure building with a camera surveillance system. The property includes 8 two-bedroom units and 2 one-bedroom units, each with tenant-controlled heat and a designated off-street parking space. Additional amenities include locked basement storage, an on-site laundry facility, and a boiler system approximately 12 years old. Almost every tenant is under a year lease. This well-maintained property is an excellent investment opportunity with stable income potential.
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Commercial
Interior
Heating Boiler
Exterior
Parking Features 6-10 Spaces
Roof Type Rubber
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Commercial Loan
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with KEY REALTY DELTA COUNTY LLC