$498,000
Coloma, MI 49038
MLS# 25039509
1 / 37
Property Description
Turnkey Investment Near Lake Michigan! Unlock the potential of this proven income-producing property located along the scenic M-63 corridor—just minutes from the beaches of Lake Michigan. This versatile Southwest Michigan investment property has a strong track record as both a short-term and medium-term rental, delivering consistent cash flow from day one. Guests love the convenient location near local wineries, beaches, and charming Harbor Country towns, making it a year-round favorite. Whether you continue its profitable rental success or create your own Lake Michigan retreat, this turnkey opportunity offers endless possibilities for growth and relaxation.
Details
Maps
Location Property Info
County: Berrien
Street #: 6128
Street Name: M-63
State: MI
Zip Code: 49038
Zip (4): 8405
Area: Southwestern Michigan - S
OfficeContract Info
Status: Active
Current Price: $498,000
List Price: $498,000
Listing Date: 2025-08-06
General Property Info
Lot Measurement: Acres
Lot Square Footage: 10349
Lot Acres: 0.24
Lot Dimensions: 166x125x150
Year Built: 1952
New Construction: No
Financial Comments: Financials available upon request.
Road Frontage: 166
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 8
Waterfront: No
School District: Coloma
Tax Info
Tax ID #: 11-10-4540-0526-00-4
Taxable Value: 125472
SEV: 135500
For Tax Year: 2024
Seller's Annual Property Tax: 5056
Tax Year: 2024
Spec Assessment & Ty: none known
Zoning: Residential
Remarks Misc
Directions: M 63 North. On left side of road before Dollar General past the Hagar Beach
Waterfront Options
Water Access Y/N: Yes
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 2056
Annual Maintenance: 335
Annual Mgmt. Fees: 2097.18
Annual Utilities: 2707.36
Gross Op. Inc.: 33967.5
Net Operating Income: 20073
Operating Expense: 13894.51
Unit 1
Unit #: 1
Unit Description: UNIT 1 - 1 BEDROOM
SqFt: 465
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: UNIT 2 - 2 BEDROOM
SqFt: 678
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: UNIT 3 - 4 BEDROOM
SqFt: 1593
Occupied: Yes
Bedrooms: 4
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area
Water Type: Lake
Exterior Material: Block; Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Corner Lot
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available
Owner Pays: Electricity
Tenant Pays: None
Heat Source: Electric; Natural Gas
Heat Type: Baseboard; Forced Air
Air Conditioning: Central Air; Window Unit(s)
Driveway: Unpaved
Street Type: Public
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Central Air; Deck/Patio; Dishwasher; Refrigerator
Listing Office: CK Home Group
Listing Agent: Catherine Waggoner
Last Updated: December - 22 - 2025
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