Price Reduction - Primary on Main

Address

5358 Paw Paw Lake Road, Coloma, MI

Listing Type

Active

Price

$ 1,099,000

Property Attributes

MLS#26038543
TypeSingle Family
Listing Status Active
CountyBERRIEN
CityColoma
AreaColoma Twp
NeighborhoodColoma Twp
Zip49038
StyleCabin
Year Built1935
Taxes$ 8023
Price$ 1,099,000
Bedrooms6
Full Bathrooms6
Half Bathrooms0
Sqr Footage2508
Lot Size1 Acres

Data Source:

Michigan Regional Information Center (MICHRIC)

Property Description

Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, conveniently located just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value. A proven income producer, the property operates as short-term rentals during the summer season and transitions to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. With an established rental history and consistent performance, this is a stabilized asset offering immediate cash flow and future upside. The quality of construction is immediately apparent throughout the property. Exceptional craftsmanship is evident in every cabin, with no corners cut during construction or subsequent improvements. Whether you're looking to expand your investment portfolio or own a one-of-a-kind property near Paw Paw Lake with flexible use and strong income potential, opportunities like this are few and far between.

Price History
7/27/2026	Listed $1,125,000
9/11/2026	3$1,099,000

General Features

Sewer	Public
Heating	Ductless,Heat Pump,Space Heater
Cooling	Central Air,Ductless,Window Unit(s)
Utilities	Natural Gas Connected
Possession	Close Of Escrow
Roof	Metal
Appliances	Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Architectural Style	Cabin
Security Features	Closed Circuit Camera(s),Security System
Construction Materials	Vinyl Siding,Other
Year Built	1935
Stories Count	1
Township	Coloma Twp
Property Subtype	Single Family Residence
Tax Year	2025
Waterfront Features	Lake
County	Berrien
New Construction	No
Property Type	Residential
Garage Y/N	No
Total Rooms	7
Full Baths	6
Status	Active
Directions	on I-94,take Exit 39 and head north through Coloma,continue on Paw Paw Lake Road for about 3 miles,and 5358 Paw Paw Lake Road will be on your left near Paw Paw Lake.
City	Coloma
Body of Water	Paw Paw Lake
High School District	Coloma
Lot Size Units	Acres
Lot Size Square Feet	22534.0
Carport Y/N	No
Listing Terms	Cash,Conventional
Land Lease Y/N	No
Tax Annual Amount	8023.0
Home Warranty Y/N	No
Lease Renewal Y/N	No
Additional Parcels Y/N	No
Rent Control Y/N	No
Standard Status	Active
Tax Assessed Value	144071
MobileHomeRemainsYN	No
Legal Description	LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW
Senior Community	None

Interior Features

Interior Amenities	Ceiling Fan(s)
Basement	Slab
Flooring	Carpet,Tile,Wood
Total Fireplaces	7
Air Conditioning Y/N	Yes
Heating Y/N	Yes
Fireplace Y/N	Yes
Laundry Features	Common Area,Main Level
Total Bedrooms	6
Main Level Bedrooms	6
Total Baths	6

Exterior Features

Water Source	Well
Lot Size Area	1.0
Spa	No
Building Area Total	3460.0
Lot Dimensions	120x180 and back lot 120x180
Lot Size Acres	1.0
Road Surface Type	Paved
Waterfront Y/N	No
Crops Included Y/N	No
Horse Y/N	No
Irrigation Water Rights Y/N	No
View	True
All Sports	True