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7976 Central Avenue

Coloma, MI 49038
  • $449,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 22035980
Price Reduced
UPDATED: 35 min ago
$449,000
  • 11
    BEDS
  • 1.31
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,715
    SQFT
  • $79
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

Excellent investment opportunity, endless possibilities and deeded Paw Paw Lake access just steps away! Short term rentals (VRBO) are allowed, no permit needed but an inspection is required every 3 years. What a great beach town! This property currently rents as 5 units, all month to month. The main house has 2 rented units with an additional 6 bedrooms (all on the 2nd floor) blocked off, 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 wooded parcel of land adjacent to the main house that could be sold. Endless options! Close to restaurants, wineries and only 90 minutes to Chicago.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-10-06T07:01:09.813.
www.mulderteam.com/homes/132314312
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7976 Central Avenue Coloma, MI 49038

  • Price: $449,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 35 min ago
  • MLS #: 22035980
11
Beds
6
Baths
0
½ Baths
1.31
Acres
5,715
SQFT
$79
$/SQFT
1920
Built
Neighborhood:
Coloma Twp
County:
Berrien
Area:
Coloma School
School District:
Coloma
Property Description
Excellent investment opportunity, endless possibilities and deeded Paw Paw Lake access just steps away! Short term rentals (VRBO) are allowed, no permit needed but an inspection is required every 3 years. What a great beach town! This property currently rents as 5 units, all month to month. The main house has 2 rented units with an additional 6 bedrooms (all on the 2nd floor) blocked off, 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 wooded parcel of land adjacent to the main house that could be sold. Endless options! Close to restaurants, wineries and only 90 minutes to Chicago.
Exterior Features

Body Of Water Paw Paw Lake Driveway Other Exterior Material Aluminum SidingOtherVinyl Siding Lot Description Corner Lot Lot Dimensions irr Number Of Buildings 4.00 Parking Spaces 10.0000 Road Frontage 470.00 Roofing Composition Street Type Public Substructure Michigan Basement Water Access Yes Water Features All SportsDeeded AccessPublic Access 1 Mile Or LessShared FrontageView Water Frontage 40.00 Water Type Lake Waterfront No

Interior Features

Basement Yes Heat Source Natural Gas Heat Type RadiantWall Furnace Sq Ft Unit1 1200.00 Sq Ft Unit2 700.00 Sq Ft Unit3 1000.00 Sq Ft Unit4 1000.00 Sq Ft Unit5 1600.00 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit5 Full Baths 1 Unit5 Half Baths 1

Property Features

Annual Insurance 2418.00 Annual Property Tax 4839.00 Annual Utilities 5148.00 Association Southwestern Michigan Association Of Realtors Auction Or For Sale For Sale Homestead Percentage 0.00 Mineral Rights Unknown Multifamily Type 5+ Units New Construction No Owner Pays GasSewerTrash CollectionWater Possession Close Of Escrow Rent Unit1 600.00 Rent Unit2 400.00 Rent Unit3 500.00 Rent Unit4 1100.00 Rent Unit5 1200.00 Sale Conditions None Sewer Public Tax Year 2021 Tenant Pays Electric Terms Available CashConventional Total Expenses 13579.00 Unit1 Range OvenRefrigerator Unit2 Range/OvenRefrigerator Unit3 Range/OvenRefrigerator Unit4 Deck/PatioRefrigeratorW/D Hookup Unit5 Range/OvenRefrigeratorW/D HookupWasher/Dryer Util Avl At Street CableElectricNatural GasPublic Sewer Utilities Attached CableElectricNatural Gas Water Well

Listing provided courtesy of Alison Plaisier of Cressy & Everett Real Estate: (269) 469-1256. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-10-06T07:01:09.813.
 
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