7976 Central Avenue
Coloma, MI 49038
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1920 build
- – on site
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Excellent investment opportunity, endless possibilities & deeded Paw Paw Lake access just steps away! Short term rentals (VRBO) are allowed, no permit needed but inspection is required every 3 years. Great beach town! Previously a hotel, this property currently rents as 5 units, all month to month. The main house has 2 rented units with an additional 5 bed/1bath (all on the 2nd floor) unutilized. Imagine how much more income potential there is! It could also be converted back to a single family home and you would still have 3 extra cottages to generate revenue. The 3 cottages can be parceled off with the addition of a well. There is also a buildable wooded parcel of land adjacent to the main house that could be sold. Close to restaurants, wineries and only 90 minutes to Chicago!
Listing courtesy of MICHRIC / Alison Plaisier / Cressy & Everett Real Estate
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Last updated May 19, 2024
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MLS# 23022740 —