Last Updated: 1/20/2017 10:15 AM
Description for 5114 Paw Paw Lake Road Coloma, MI 49038
6 Units for sale for $134,900 on 1.87 Acres! CASH FLOW PROPERTY! Do the math $22,500 per unit is a great price! Includes a 2 bedroom brick house with an attached garage & private fenced court yard. Also includes a comfortable stay alone studio cottage and a large 4-unit 2 story house with spacious units. Gross rents at about $2,475 a month. Tenants pay gas & general electric. Owner pays water, sewer and minor common electric. City sewer & well water. Plenty of parking. Do the math.... this is a money maker. Seller will consider a Land Contract with 35% down to a qualified buyer. Brick home built 1966, big house 1930 & cottage unknown per Twp. assessor. If you want to make money on rental income in nice neighborhood come check this out!
Public Sewer, Existing Well
Electric, Natural Gas
Gas Heat, Forced Air
Exterior / Lot Features
20 Parking Spaces,
Garage, Level, Acreage
From city of Coloma east on Paw Paw Lake Road to sign. Across from Paw Paw Lake.
Listing Price History
Coloma Real Estate
Coloma is located in Michigan. Coloma, Michigan 49038 has a population of 1,597.
The median household income in Coloma, Michigan 49038 is $40,846. The median household income for the surrounding county is $43,471 compared to the national median of $53,046. The median age of people living in Coloma 49038 is 35.9 years.
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