Coloma, MI 49038-9631,7976 Central Avenue
Coloma, MI 49038-9631,7976 Central Avenue
Coloma, MI 49038-9631,7976 Central Avenue
62
$399,900
$399,900
Est.Price: ?

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5,715 SqFt

7976 Central Avenue Coloma, MI 49038-9631

Est. payment /mo
SOLD DATE : 09/11/2023

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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

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Cressy & Everett Real Estate
Bought with Cressy & Everett Real Estate

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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