5358, Paw Paw Lake, Coloma, MI, 49038
Basics
- Date added: Added 2 weeks ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 6
- Lot size: 1 sq ft
- Year built: 1935
- Bathrooms Full: 6
- Lot Size Acres: 1 acres
- Business Type: Other
- County: Berrien
- MLS ID: 26036891
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. The current owners have continually invested in the property, updating heating and cooling systems, paving the driveway, and renovating the seventh cabin into a dedicated office and laundry center. Whether you're seeking a turnkey investment with strong, consistent cash flow or envision creating a private family compound just steps from Paw Paw Lake, this unique property offers outstanding versatility, quality, and long-term value in one of Southwest Michigan's most desirable lake communities.
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Location
- Directions: om 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
- Number Of Units Total: 7
- Construction Materials: Other
- Heating: Space Heater
- StoriesTotal: 2508
- Building Features: Security System
- Roof: Metal
- Number Of Buildings: 7
Amenities & Features
- Inclusions: Inventory, Furniture
- Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
- Waterfront Features: Lake
- WaterSource: Well
- Cooling: Central Air
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: Johnson
- Listing Terms: Conventional, Cash