Seven-Cabin Rental
For Sale
$1,125,000
5358 Paw Paw Lake Road, Coloma, MI 49038
Seven cabins on roughly one acre across two parcels, including on-site office and laundry facility conversion.
Property Size3,460 SF
Lot Size1.00 Acre
Days on Market35
Property Features for 5358 Paw Paw Lake Road
General Information
Standard status
Active
Size
3,460 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$8,023
Amenities
on-site laundry
Building Details
Building Size
3,460 SF
Year Built
1935
Buildings
7
Stories
2508
Units
7
Listing Agency:
Ellsbury Group
(260) 615-9248
Listed By:
Lane Moser · License #6501433695
(260) 615-9248
Source:
Irishhillsfivestarhomes
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 22 at 1:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ellsbury Group
Investment Insights
Based on property information with market context.
This for-sale residential income property features seven cabins constructed on approximately one acre across two parcels. The mix includes three 2-bedroom, 1-bath cabins and three 1-bedroom, 1-bath cabins, all currently operating as rentals. A seventh cabin is being converted into a dedicated office and on-site laundry facility intended to support streamlined operations for ownership.
The cabins are located on 5354 and 5358 Paw Paw Lake Road, just across the street from Paw Paw Lake. The property is described as operating as short-term rentals during the summer season and transitioning to longer-term rentals during the off-season.
According to the provided information, the property has an established rental history and is generating approximately $150,000 in annual gross rental income. The owners have invested in updates including heating and cooling system improvements, driveway paving, and renovations to the office and laundry center cabin.
The cabins are located on 5354 and 5358 Paw Paw Lake Road, just across the street from Paw Paw Lake. The property is described as operating as short-term rentals during the summer season and transitioning to longer-term rentals during the off-season.
According to the provided information, the property has an established rental history and is generating approximately $150,000 in annual gross rental income. The owners have invested in updates including heating and cooling system improvements, driveway paving, and renovations to the office and laundry center cabin.
Key Highlights
- Seven‑cabin property built in 1935 on approximately 1 acre across two parcels (5354 and 5358 Paw Paw Lake Road).
- Cabin mix includes three 2‑bed, 1‑bath units and three 1‑bed, 1‑bath units operating as rentals.
- Seventh cabin is being converted into an office and on‑site laundry facility to support day‑to‑day operations.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 49038, MI
8,979
Population
5,124
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
230
Density / Sq Mi
$60,396
Median Household Income
$41,663
Median Earnings
$944
Median Rent
$196,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Seven cabins on roughly one acre across two parcels, including on-site office and laundry facility conversion.
Where is this short term rental property located?
The property is located at 5358 Paw Paw Lake Road 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‑cabin property built in 1935 on approximately 1 acre across two parcels (5354 and 5358 Paw Paw Lake Road).; Cabin mix includes three 2‑bed, 1‑bath units and three 1‑bed, 1‑bath units operating as rentals.; Seventh cabin is being converted into an office and on‑site laundry facility to support day‑to‑day operations.
