5358 Paw Paw Lake Road Unit SourceFi Coloma, MI 49038

Building Details

Year Built

1935

Listing Agency Ellsbury Group l***@ellsburygroup.com Show Phone

Listed by Lane Moser Show Phone

Source Xome

Added: Jul 15 Checked: Jul 18 at 3:33 am

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Investment Insights

Based on property information with market context.

This for-sale residential income property features seven separately constructed cabins on approximately one acre across two parcels. Three cabins are 2-bedroom, 1-bath units, and three cabins are 1-bedroom, 1-bath units, all currently operating as rentals. A seventh cabin is being converted into an office and an on-site laundry facility intended to streamline ownership operations and add convenience for guests or tenants.

The property is located at 5358 Paw Paw Lake Road, with the parcels described as 5354 and 5358 Paw Paw Lake Road, and it sits just across the street from Paw Paw Lake.

According to the remarks, the cabins operate as short-term rentals during the summer season and transition to longer-term rentals during the off-season, generating approximately $150,000 in annual gross rental income. The asset is presented as stabilized with an established rental history.

Key Highlights

• Seven rental cabins on approx. 1 acre across two parcels (5354 and 5358 Paw Paw Lake Road), just across the street from Paw Paw Lake
• Cabin mix includes three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units, plus a seventh cabin being converted to an office and on‑site laundry
• Metal roof and year built 1935

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FAQs

What type of property is this?

Short term rental property - Seven rental cabins across two parcels, with six operating as rentals and a seventh being converted to office and laundry.

Where is this short term rental property located?

The property is located at 5358 Paw Paw Lake Road Unit SourceFi Coloma, MI.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Seven rental cabins on approx. 1 acre across two parcels (5354 and 5358 Paw Paw Lake Road), just across the street from Paw Paw Lake; Cabin mix includes three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units, plus a seventh cabin being converted to an office and on‑site laundry; Metal roof and year built 1935