$595,000 - 501 E Ludington Ave, Ludington

The Ludington House B&B is just a few short blocks from the bustling downtown business district with easy access to shopping, dining and the cross-lake car & passenger ferry service. Originally built in 1878, this three story Victorian, 5,300+ sq. ft. inn was tastefully updated in 2007. Each of the 8 large, elegantly decorated guestrooms features period decor and furnishings. All guest rooms have an attached private bath. These rooms offer TV, queen-sized beds, wireless internet, and A/C. The B&B is situated on a large corner, 1 1/2 lot with a new front sidewalk, new lawn and landscaping. In 2008, most of the windows were replaced and the exterior was completely repainted. The updated keeper's apartment covers over half of the first floor area. With a minimum of a $100K down payment, the Stumpfs are offering a qualified buyer a 7%, $50K interest-only second mortgage with a 5 year balloon. The Ludington House B&B is being offered at slightly above its real estate value: $595K.