$1,125,000
Coloma, MI 49038
MLS# 26036891
6 baths | 3460 sqft
1 / 48
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.
Details
Maps
Location & Property Info
Cross Streets: Johnson
Property Sub-Type: Business Opportunity
Municipality: Coloma Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 325.14
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 120x180 and back lot 120x180
Road Frontage: 120
Waterfront: No
Body of Water: Paw Paw Lake
Total # Units: 7
# of Diff Unit Floor Plans: 4
Total # Bldgs: 7
# Fin Bldg Lvls: 2508
Total SqFt: 3460
Total Net SqFt: 3460
Property Use Type: Investment
Statewide Lakes & Rivers: Paw Paw Lake
School District: Coloma
Lot Measurement: Acres
Lot Acres: 1
Lot Square Footage: 22534
Year Built: 1935
Full Baths: 6
Total Baths: 6
Tax Info
Taxable Value: 144071
SEV: 164300
For Tax Year: 2025
Seller's Annual Property Tax: 8023
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: unknown
Tax ID #: 11-08-6200-0035-01-4
Remarks & Misc
Public Remarks: 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.
Legal: LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 0
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Public Access 1 Mile or Less: 1
View: 1
Income and Expenses
Total Actual Rent: 150854.53
Street Type
Paved: 1
Public: 1
SqFt Information
Security System: 1
Smoke Detector(s): 1
Property Use
Investment: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Well: 1
Uses
Other: 1
Construction Type
Frame/Wood: 1
Exterior Material
Other: 1
Roofing
Metal: 1
Heat Source
Electric: 1
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Mini-Split: 1
Space Heater: 1
Air Conditioning
Central Air: 1
Business Includes
Furniture: 1
Inventory: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Driveway
Asphalt: 1
Shared Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Other: 1
Unit 1
SqFt: 800
Unit 2
SqFt: 560
Unit 3
SqFt: 500
Unit 4
SqFt: 500
Unit 5
SqFt: 500
Unit 6
SqFt: 500
Unit 7
SqFt: 500
Possession
Close Of Escrow: 1
Location Property Info
County: Berrien
Street #: 5358
Street Name: Paw Paw Lake
Suffix: Road
State: MI
Zip Code: 49038
Zip (4): 8691
OfficeContract Info
Status: Active
Current Price: $1,125,000
List Price: $1,125,000
Listing Date: 2026-07-17
Remarks Misc
Directions: om I-94, take Exit 39 and head north through Coloma, continue on Paw Paw Lake Road for about 3 miles, and 5358 Paw Paw Lake Road will be on your left near Paw Paw Lake.
Property Features
Property Use: Investment
SqFt Information: Security System; Smoke Detector(s)
Water Type: Lake
Uses: Other
Ownership: LLC
Business Includes: Furniture; Inventory
Construction Type: Frame/Wood
Exterior Material: Other
Roofing: Metal
Below Grade: None
Sewer: Public Sewer
Water: Well
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Electricity Available; Natural Gas Available
Heat Source: Electric; Natural Gas
Heat Type: Mini-Split; Space Heater
Air Conditioning: Central Air
Driveway: Asphalt; Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Other
Sale Conditions: None
Possession: Close Of Escrow
Supplements
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.
Listing Office: Ellsbury Group
Listing Agent: Lane Moser
Last Updated: July - 17 - 2026
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