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

MLS: 15042380   Type: Multi-Family   County: Berrien   City: Coloma   Area: Coloma Twp   Neighborhood: Coloma Twp   Zip: 49038   Style: 5+ Units     Taxes: $18,166

Mortgage $3,638 /mo



Half Baths

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ATTENTION DEVELOPERS & INVESTORS! READY FOR CONDO CONVERSION. 12 units all currently leased, 3 brick, aluminum-sided buildings. 5+ ACRES allows for 5 additional buildings to be built, for additional profits. Each rental/condo 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. Positive cash flow, great opportunity to continue this perfect investment. OWNER SAYS BRING OFFERS!!

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Price History

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

Access Feat: Accessibility Features No
Extras Carports, Pool, Tennis Court
Homestead % 0.00
Municipality Coloma Twp
New Construction No
School District Coloma
Sub-area S40 - Coloma School
Terms Available Cash/Conventional

Interior Features

A/C Central
Basement Yes
Heat Source Natural Gas
Heating Forced Air

Exterior Features

Driveway Paved
Exterior Aluminum Siding, Brick
Road Frontage 800.00
Roof Composition
Sewer Public
Substructure Full Basement
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 283K

Sqr Feet 9,570 Avg 1,902

Cost / Sqr Ft $81 Avg $149

Taxes $18,166 Avg $6,424

Acres 5.91 Avg 1.3

Visits 174 Avg 36

Days on Site 1,020 Avg 244

Walkscore® 9 Avg 31

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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