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Mitten Flats 710 W Ludington Ave 13 Room Hotel Ludington, MI 49431 $1,900,000 ($146,154/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 | $1,900,000 | No. Rooms | 13 |
| Price Per Room | $146,154 | 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 | $1,900,000 |
| Price Per Room | $146,154 |
| 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 | $74.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 051-105-216-00 | Improvements Assessment | $211,000 |
| Land Assessment | $33,700 | Total Assessment | $244,700 |
PROPERTY TAXES
Parcel Number
051-105-216-00
Land Assessment
$33,700
Improvements Assessment
$211,000
Total Assessment
$244,700
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Mitten Flats | 710 W Ludington Ave
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