$775,000 5651-5655 Paw Paw Lake Road Coloma, MI

MLS: 15042371   Type: Commercial   County: Berrien   City: Coloma   Area: Coloma Twp   Neighborhood: Coloma Twp   Zip: 49038   Style: Business Opportunity     Taxes: $18,166

Mortgage $3,638 /mo



Half Baths

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ATTENTION DEVELOPERS, INVESTORS! Positive cash flow, opportunity to continue this perfect investment. 12 units currently rented. Built for condo conversion in 3 brick/aluminum-sided buildings. Acreage allows for 5 additional buildings for additional profits. Each rental/condo unit has 2 bedrooms, 2 baths, gas fireplace, central air. Tenants enjoy in-ground pool, tennis courts, deck/patio, carport. All-sports Paw Paw Lake is nearby. OWNER SAYS SELL - WANTS OFFERS!!

Elementary School

Middle School

High School

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Price History

8/7/2015 Listed $1,250,000
1/29/2016 12% - $1,100,000
5/9/2016 10% - $999,999
12/28/2016 21% - $799,999
3/31/2017 4% - $775,000

Business Includes Real Estate
Homestead % 0.00
Municipality Coloma Twp
New Construction No
School District Coloma
Sub-area S40 - Coloma School
Uses Other

Interior Features

A/C Central
Heat Source Natural Gas
Heating Forced Air

Exterior Features

Body of Water Paw Paw Lake
Construction Type Block
Driveway Paved
Exterior Aluminum Siding, Brick/Stone
Road Frontage 800.00
Roof Composition
Sewer Public
Total # Bldgs 3.00
Water Well
Water Features All Sports
Water Type Lake
Waterfront No

Property Schools

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Gallery (7 photos)

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Property vs Zip Code Avg (49038)

Price 775K Avg 297K

Sqr Feet 9,570 Avg 6,231

Cost / Sqr Ft $81 Avg $48

Taxes $18,166 Avg $4,704

Acres 5.91 Avg 4.07

Visits 38 Avg 45

Days on Site 1,020 Avg 404

Walkscore® 9 Avg 33

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Listing Provided Courtesy Of: Earl Misch at Core Real Estate, Inc. - (269) 429-8001

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Location & Address


New Buffalo, MI