Property photo 1
48 photos
ActiveMLS# 6902603854357 days on market

$1,099,000

5358 Paw Paw Lake Road

Coloma Charter Township, MI 49038

6 BD|6 BA|2,508 SQFT|$438.2/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, 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.

Property Details

Property TypeSingle Family
Year Built1935
Lot Size43,560 sqft
Stories1
Price / Sqft$438.2
Days on Market57
MLS Number69026038543

Eleanor Whitfield

Principal Broker

Schedule a Showing

By submitting, you agree to receive text messages from Acme about your inquiry and related real estate updates. Message frequency varies. Msg & data rates may apply. Reply STOP to opt out or HELP for help. See our Privacy Policy and Terms.

Mortgage Calculator

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

Map view not available for this listing

Similar Listings

More properties in Coloma Charter Township

Golden pipeline · build dev