NOT LISTED FOR SALE

706 E Loomis St Ludington, MI 49431

Estimated Value: $191,000 - $239,000

2 Beds
1 Bath
-- Sq Ft
8,400 Sq Ft Lot

Last Sold January 08, 2018

Last sale price $215,000

Est. 2% decrease in value since last sale

Current estimated payment $1,195/month

41 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Level Lot
  • Lakeview Elementary School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2018

Investment Opportunity! This highly successful 2 unit is grandfathered in by the city for Daily/Weekly/Monthly rentals. There are very few of these around and even fewer available. Just 2 blocks from the Ludington Beach and blocks from downtown, this is in the prime place. Across from the city marina and 2 blocks from the public boat launch for Lake Michigan. It has a solid rental history at $250/night for the down stairs unit and $125/night for the upstairs. Winter monthly rates of $900 for the upstairs unit and $1500 for the down stairs unit. It has the possibility for much more. Do not miss out on this unique opportunity.

Last Agent to Sell the Property

Random Messeder

LIGHTHOUSE REALTY-Ludington License #6501380117 Listed on: 10/21/2017

Last Buyer's Agent

Greg Vukovich

4 Seasons Real Estate License #6501311163

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,446

Year Built

  • Built in 1910

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60 x 140
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Shingle Siding

Parking

  • 3 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,446

Year Built

Built in 1910

Lot Details

8,400 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Driveway:Unpaved: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Heat Type:Baseboard: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Investment Opportunity! This highly successful 2 unit is grandfathered in by the city for Daily/Weekly/Monthly rentals. There are very few of these around and even fewer available. Just 2 blocks from the Ludington Beach and blocks from downtown, this is in the prime place. Across from the city marina and 2 blocks from the public boat launch for Lake Michigan. It has a solid rental history at $250/night for the down stairs unit and $125/night for the upstairs. Winter monthly rates of $900 for the upstairs unit and $1500 for the down stairs unit. It has the possibility for much more. Do not miss out on this unique opportunity.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Shingle Siding, Wood Siding
  • List Price: 224900.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 60 x 140
  • Lot Size Sq Ft: 8400.0

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2446.0
  • Tax Year: 2017

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2018 01/08/18 Sold $215,000 -4.4% --
12/01/2017 12/01/17 Pending -- -- --
10/21/2017 10/21/17 For Sale $224,900 -- --
Source: MichRIC

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,324 $87,400 $87,400 $0
2024 -- $79,700 $79,700 $0
2023 -- $68,300 $68,300 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Random Messeder

    LIGHTHOUSE REALTY-Ludington

    (231) 425-8753

    46 in this area

    128 Total Sales

    Random Messeder
    Section Image

  • G

    Buyer's Agent in 2018

    Greg Vukovich

    4 Seasons Real Estate

    (231) 233-7777

    19 in this area

    52 Total Sales

    Greg Vukovich
    Section Image
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Map

Source: MichRIC

MLS Number: 17052765

MichRIC

APN: 051-328-009-50

Michigan Mason County Ludington 49431

706 E Loomis St, Ludington, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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