$ 1,099,000
-
$1,099,000
Price -
1
Acre
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About the Listing 692607151208 - 69150112041892
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.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Space Heater,Central Air,Electric,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3460
- Basement:
- Other: Space Heater,Central Air
- Water: Well (Existing)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 120x180 and back lot 120x180
- Roof: Metal
- Others: Frame,Wood,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $8,023
- Taxes w/Assessments: N/A
- Tax/Property ID: 110862000035014
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
5358 Paw Paw Lake Rd Coloma Twp, MI 49038
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