602 Fifth Street
Duplex - Solid Rental History - Investment Opportunity - Multi Unit Rental - Income Potential
Marketing description
Multi-Family Income Property - Well-maintained duplex featuring two spacious units, each offering 2 bedrooms and 1 full bathroom. The lower unit includes a living room, dining room, large kitchen, basement access with laundry area, and additional storage. The upper unit offers a similar spacious layout with comfortable living areas, a nice-sized kitchen/dining area and roomy bedrooms.
Both units are currently leased to long-term tenants, with a solid rental history, making this a strong investment opportunity. This home has vinyl siding, some replacement windows, and the roof is approximately 4 years old. Each unit has separate electric and gas meters and tenant pays their own utilities. Th owner pays water/sewer.
The property features paved off-street parking, a common-area entrance, and a convenient location in the City of Ludington. Please note: some photos have been digitally edited to remove furnishings. Units are fully occupied48-hour notice required for all showings.
Ludington Ave to Washington Ave, South to Fifth St, East to the property
Investment highlights
- Property Sub-Type: 2 to 4 Units
- Cross Streets: Lincoln
- Area: Mason Oceana Manistee - O
- # of Diff Unit Floor Plans: 2
- Total Approx. SqFt All Bldgs: 2,072
- Taxable Value: 33,630
- For Tax Year: 2025
- Tax Year: 2024
- Lot Description: Corner Lot, Level, Sidewalk
- Street Type: Paved, Public
- Terms Available: Cash, Conventional
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