Properties for sale in Michigan

Overview

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, conveniently located 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. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value.

Supplements: A proven income producer, the property operates as short-term rentals during the summer season and transitions to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. With an established rental history and consistent performance, this is a stabilized asset offering immediate cash flow and f ... (Read more)

Location Property Info

County: Berrien
Street #: 5358
Street Name: Paw Paw Lake
Suffix: Road
State: MI
Zip Code: 49038
Zip (4): 8691

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: Yes
Lot Square Footage: 22534
Lot Dimensions: 120x180 and back lot 120x180
Year Built: 1935
Road Frontage: 120
Garage Y/N: No
Total Fireplaces: 7
Income Property: Yes
Total Rooms AG: 7
Total Fin SqFt All Levels: 2508
SqFt Above Grade: 3460
Building Total SqFt: 3460
Total Beds Above Grade: 6
Total Bedrooms: 6
Full Baths: 6
Total Baths: 6
Main Level Primary: Yes
Stories: Yes
School District: Coloma
Association YN: No
Waterfront: No
Body of Water: Paw Paw Lake
Statewide Lakes & Rivers: Paw Paw Lake
Basement: No
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 0

Tax Info

Tax ID #: 11-08-6200-0035-01-4
Taxable Value: 144071
SEV: 164300
For Tax Year: 2025
Seller's Annual Property Tax: 8023
Tax Year: 2025
Spec Assessment & Type: unknown
Homestead %: 0

Remarks Misc

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.

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 0

More Information

Access Feat

Accessibility Features: No

Upper Rooms

Total Baths Above Grade: 6

Main Rooms

Main Bedrooms: 6
Main Full Baths: 6
Main Level SQFT: 3460

Manufactured

Manufactured Y/N: No

Location & Property Info

Cross Streets: Newton Ave.
Property Sub-Type: Single Family Residence
Municipality: Coloma Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 325.14

Remarks & Misc

Public Remarks: Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, conveniently located 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. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value.
Legal: LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Public Access 1 Mile or Less: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

Common Area: Yes
Main Level: Yes

Exterior Material

Vinyl Siding: Yes
Other: Yes

Roofing

Metal: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Ductless: Yes
Heat Pump: Yes
Mini-Split: Yes
Space Heater: Yes

Air Conditioning

Central Air: Yes
Ductless: Yes
Window Unit(s): Yes

Lower Rooms

Lower Finished SQFT: 0
Total Lower SQFT: 0

Driveway

Asphalt: Yes
Shared Paved: Yes

Substructure

Slab: Yes

Additional Items

Ceiling Fan(s): Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Patio and Porch Features

Porch(es): Yes
Covered: Yes
Deck: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Security Features

Closed Circuit Camera(s): Yes
Security System: Yes

Landscape

Shrubs/Hedges: Yes

Architectural Style

Cabin: Yes

Possession

Close Of Escrow: Yes

Property Features

Water Type: Lake Laundry Features: Common Area; Main Level Exterior Material: Vinyl Siding; Other Roofing: Metal Substructure: Slab Sewer: Public Sewer Water: Well Utilities Attached: Natural Gas Connected Additional Items: Ceiling Fan(s) Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Heat Source: Electric; Natural Gas Heat Type: Ductless; Heat Pump; Mini-Split; Space Heater Air Conditioning: Central Air; Ductless; Window Unit(s) Flooring: Carpet; Tile; Wood Patio and Porch Features: Covered; Deck; Porch(es) Security Features: Closed Circuit Camera(s); Security System Landscape: Shrubs/Hedges Architectural Style: Cabin Driveway: Asphalt; Shared Paved Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

5358 Paw Paw Lake Road, Coloma, MI 49038