Multifamily Property with Lake
New
For Sale
$929,000
7976 Central Avenue, Coloma, MI 49038
Multi Family, Coloma, MI
Property SizeContact for details
Lot Size1.31 Acres
Days on Market2
Property Features for 7976 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Full bathrooms
7
Half bathrooms
1
Rooms
Bathroom 6, Bathroom 7, Bedroom 10, Bathroom 1, Bathroom 8, Bedroom 11, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 13, Basement, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 5, Bedroom 12, Bedroom 15, Bedroom 14, Bedroom 8, Bedroom 6
Parking
10
Lot features
Corner Lot
Elementary school district
Coloma
Middle school district
Coloma
High school district
Coloma
Directions
Turn at the Bend Bar. Lakewood St to Lakewood Dr to Central Ave.
Standard status
Active
APN
110846000167060
Lot size
1.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK:4,E CITY/MUNI/TWP:COLOMA TWP SPLIT ON 07/19/2022 FROM 08-4600-0167-02-1; THAT PT OF THE HOTEL SITE BLK E SUB OF BLK 4 LAKEWOOD COM AT THE SE COR OF SD MAP REF:015-2
Tax Annual Amount
8247
Legal Description
BLK:4,E CITY/MUNI/TWP:COLOMA TWP SPLIT ON 07/19/2022 FROM 08-4600-0167-02-1; THAT PT OF THE HOTEL SITE BLK E SUB OF BLK 4 LAKEWOOD COM AT THE SE COR OF SD MAP REF:015-2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Radiant
Cooling system
Window Unit(s)
Water source
Well
Water front features
Lake
Water front
1
Building Details
Year built
1920
Number of units
5
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Anchor R.E.
(269) 983-0011
Listed By:
Wendy Morauske
(269) 369-3699
Added: Sep 23
Last Checked: Sep 24 at 5:06PM
MLS# 26050581
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 1.31 acres, this multifamily property includes several residential components with varied occupancy and use. The main building contains a renovated, fully furnished 2-bedroom, 1-bath short-term rental and a remodeled 8-bedroom, 3.5-bath residence. Three additional residences include a furnished, remodeled 2-bedroom, 1-bath home and a 1-bedroom, 1-bath unit; both are occupied by month-to-month tenants. An additional building remains on the property, with its foundation reinforced in 2025 and limited interior access due to safety restrictions.
The property has deeded access to Paw Paw Lake and is located at 7976 Central Avenue in Coloma. Improvements include a new roof and gutters installed in 2025, along with a new well pump and electrical box added in 2024. The property uses well water and public sewer, with baseboard, hot water, and radiant heating and window-unit cooling.
The property has deeded access to Paw Paw Lake and is located at 7976 Central Avenue in Coloma. Improvements include a new roof and gutters installed in 2025, along with a new well pump and electrical box added in 2024. The property uses well water and public sewer, with baseboard, hot water, and radiant heating and window-unit cooling.
Key Highlights
- 1.31‑acre multifamily property with deeded access to Paw Paw Lake
- Main building includes an 8‑bedroom, 3.5‑bath remodeled residence
- Fully furnished 2‑bedroom, 1‑bath short‑term rental in the main building
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
23
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-residence property with furnished short-term rental space, tenant-occupied units, and deeded access to Paw Paw Lake.
Where is this multifamily property located?
The property is located at 7976 Central Avenue Coloma, MI.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 1.31‑acre multifamily property with deeded access to Paw Paw Lake; Main building includes an 8‑bedroom, 3.5‑bath remodeled residence; Fully furnished 2‑bedroom, 1‑bath short‑term rental in the main building
