Property photo 1
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ActiveMLS# 6902603689157 days on market

$1,099,000

5358 Paw Paw Lake Road

Coloma Charter Township, MI 49038

0 BD|6 BA|3,460 SQFT|$317.63/sqft

About This Property

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.

Property Details

Property TypeCommercial
Year Built1935
Lot Size43,560 sqft
Price / Sqft$317.63
Days on Market57
MLS Number69026036891

Eleanor Whitfield

Principal Broker

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Est. Monthly Payment

$6,610

P&I: $5,557 | Tax: $778 | Insurance: $275

$1,099,000
%
%
Loan Amount$879,200
Down Payment$219,800

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

5358 Paw Paw Lake Road, Coloma Charter Township, MI 49038

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