Ludington, MI 49431

Facts

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Three separate Commercial/Retail/Office units newly available in the Ludington DDA. Currently unfinished. Available with 5-year lease with 5-year extension. Deposit of one month's rent as damage deposit at signing of lease. Owner to provide a ''white box'' finish (drywall, ceilings, electrical, heating, fire suppression installed & allowance for flooring). Tenant to pay for customizing of the unit. Terms may be adjusted for extensive upgrades with a long-term lease. All units require tenants to pay utilities individually. No additional CAM. 3% increase in rent per year.