48
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$1,125,000
Est. payment /mo
3,460 SqFt
New
5358 Paw Paw Lake Road Coloma, MI 49038-8691
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,460 sqft
Price per Sqft $325
Subdivision Mi
MLS Listing ID 70546558
Year Built 1935
Annual Tax Amount $8,023
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 120x180 and back lot 120x
Property Sub-Type Business
Property Description
Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. The property is a proven income producer, operating as short-term rentals during the summer season and transitioning to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. This is a stabilized asset with an established rental history and excellent performance.
Location
State MI
County Berrien
Area Coloma Twp (11008)
Interior
Heating Space Heater
Exterior
Roof Type Metal
Building
Structure Type Frame,Other,Wood
Others
Ownership LLC
Energy Description Electric,Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Ellsbury Group
Nearby Locations
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