5358, Paw Paw Lake, Coloma, MI, 49038
Basics
- Date added: Added 2 hours ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 3
- Bathrooms: 6
- Area: 2508 sq ft
- Lot size: 1 sq ft
- Year built: 1935
- Bathrooms Full: 6
- Lot Size Acres: 1 acres
- Rooms Total: 7
- County: Berrien
- Bathrooms Half: 0
- MLS ID: 26038543
Description
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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. The quality of construction is immediately apparent throughout the property. The craftsmanship is exceptional, with no corners cut during construction or subsequent improvements.
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Location
- Directions: on I-94, take Exit 39 and head north through Coloma, continue on Paw Paw Lake Road for about 3 miles, and 5358 Paw Paw Lake Road will be on your left near Paw Paw Lake.
Building Details
- Building Area Total: 3460 sq ft
- Construction Materials: Vinyl Siding, Other
- Architectural Style: Cabin
- Sewer: Public
- Heating: Ductless, Heat Pump, Space Heater
- Roof: Metal
- Basement: Slab
Amenities & Features
- Laundry Features: Common Area, Main Level
- Flooring: Carpet, Tile, Wood
- Utilities: Natural Gas Connected
- Waterfront Features: Lake
- WaterSource: Well
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Interior Features: Ceiling Fan(s)
- Patio And Porch Features: Covered, Deck, Porch(es)
- Fireplaces Total: 7
- Cooling: Central Air, Ductless, Window Unit(s)
Fees & Taxes
- Tax Assessed Value: $144,071
- Tax Year: 2025
- Tax Annual Amount: $8,023
School Information
- High School District: Coloma
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Newton Ave.
- Listing Terms: Cash, Conventional