Seven-Cabin Short-Term Rental
For Sale
$1,125,000
5358 Paw Paw Lake Road, Coloma, MI 49038
Seven cabins support seasonal short-term stays and longer-term occupancy, with an additional structure being adapted for management and laundry functions.
Property Size3,460 SF
Lot Size1.00 Acre
Days on Market21
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
Units
Unit Mix
3 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
7
Additional Details
Gross Income
$150,000
Taxes and HOA fees
Annual Taxes
$8,023
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 #RB19000138
(260) 615-9248
Source:
Buyatthelake
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 24 at 11:17AM
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 short-term rental property includes seven cabins distributed across two parcels totaling approximately one acre. The current layout comprises three two-bedroom, one-bath cabins and three one-bedroom, one-bath cabins, while the seventh cabin is being converted into an office and on-site laundry facility. The property was built in 1935 and includes improvements such as updated heating and cooling systems and a paved driveway.
The parcels are located at 5354 and 5358 Paw Paw Lake Road in Coloma, Michigan, across the street from Paw Paw Lake. Rental operations use short-term stays during the summer season and longer-term arrangements during the off-season. The existing configuration combines lodging units with dedicated operational space in a lake-community setting.
The parcels are located at 5354 and 5358 Paw Paw Lake Road in Coloma, Michigan, across the street from Paw Paw Lake. Rental operations use short-term stays during the summer season and longer-term arrangements during the off-season. The existing configuration combines lodging units with dedicated operational space in a lake-community setting.
Key Highlights
- Seven cabins across two parcels totaling approximately one acre
- Three 2‑bedroom, 1‑bath cabins and three 1‑bedroom, 1‑bath cabins
- Seventh cabin being converted to an office and on‑site laundry facility
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Seven cabins support seasonal short-term stays and longer-term occupancy, with an additional structure being adapted for management and laundry functions.
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 cabins across two parcels totaling approximately one acre; Three 2‑bedroom, 1‑bath cabins and three 1‑bedroom, 1‑bath cabins; Seventh cabin being converted to an office and on‑site laundry facility
