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$1,125,000
Est. payment /mo
6 Baths
3,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,460 sqft
Price per Sqft $325
MLS Listing ID 69026036891
Year Built 1935
Lot Size 1.000 Acres
Acres 1.0
Property 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, 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.
Location
State MI
County Berrien
Area Area94021Colomatwp
Interior
Heating Electric, Natural Gas, Space Heater
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt, SharedDriveway
Utilities Available ElectricityConnected, NaturalGasConnected
Waterfront Description AllSportsLake, Lake, PublicLake, WaterAccessRights
View Y/N Yes
View Water
Roof Type Metal
Building
Foundation None
Sewer Public Sewer
Water Well
New Construction No
Schools
School District Coloma
Others
Ownership LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Lane Moser of Ellsbury Group
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