$ 1,099,000
-
$1,099,000
Price -
6
Bed -
6
Bath -
2,508
SqFt -
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, 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. 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 future upside. The quality of construction is immediately apparent throughout the property. Exceptional craftsmanship is evident in every cabin, with no corners cut during construction or subsequent improvements. Whether you're looking to expand your investment portfolio or own a one-of-a-kind property near Paw Paw Lake with flexible use and strong income potential, opportunities like this are few and far between.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
- Air Cond: Ceiling Fan(s),Central Air,Window Unit(s)
- Heating: Heat Pump,Space Heater,Electric,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3460
- Basement: Slab
- Other: Security Alarm,1 Story,Heat Pump,Space Heater
- Water: Well (Existing)
Exterior Details
- Lot Description: All Sports Lake
- Garage Capacity: N/A
- Lot Dimensions: 120x180 and back lot 120x180
- Roof: Metal
- Others: Vinyl,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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Questions About..
5358 Paw Paw Lake Rd Coloma Twp, MI 49038
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