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Mitten Flats 710 W Ludington Ave 13 Room Hotel Ludington, MI 49431 $2,628,441 CAD ($202,188 CAD/Room)
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,628,441 CAD | No. Rooms | 13 |
| Price Per Room | $202,188 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1924/2022 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 5.66/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.39 AC | Opportunity Zone |
Yes
|
| Building Size | 3,532 SF | ||
| Zoning | C-201 | ||
| Price | $2,628,441 CAD |
| Price Per Room | $202,188 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 3,532 SF |
| No. Rooms | 13 |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2022 |
| Tenancy | Single |
| Parking Ratio | 5.66/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-201 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 13 | $102.37 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 051-105-216-00 | Improvements Assessment | $296,193 CAD |
| Land Assessment | $47,307 CAD | Total Assessment | $343,500 CAD |
PROPERTY TAXES
Parcel Number
051-105-216-00
Land Assessment
$47,307 CAD
Improvements Assessment
$296,193 CAD
Total Assessment
$343,500 CAD
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Mitten Flats | 710 W Ludington Ave
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