For more information regarding the value of a property, please contact us for a free consultation.
7976 Central Avenue Coloma, MI 49038-9631
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $399,900
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,715 sqft
Price per Sqft $69
Subdivision Mi
MLS Listing ID 70319367
Sold Date 09/11/23
Year Built 1920
Annual Tax Amount $4,839
Tax Year 2021
Lot Size 1.310 Acres
Acres 1.31
Lot Dimensions irr
Property Description
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!
Location
State MI
County Berrien
Area Coloma Twp (11008)
Rooms
Basement MI Basement
Interior
Interior Features Cable/Internet Avail.
Heating Wall Heat, Baseboard, Radiant
Exterior
Exterior Feature Aluminum, Other, Vinyl Siding
Building
Structure Type Aluminum,Other,Vinyl Siding
Schools
School District Coloma Community Schools
Others
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional
Read Less
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Cressy & Everett Real Estate