Alison Plaisier
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7976 Central Avenue, Coloma, MI 49038

$449,000
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Featured Listing Active
BEDS0 BATHS SQUARE FEET5,715 MLS#22035980
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONColoma School SCHOOLColoma

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.

7976 Central Avenue | MLS# 22035980

This multi-family property located at 7976 Central Avenue, Coloma, MI 49038 is currently listed for sale by Cressy & Everett Real Estate, with an asking price of $449,000. Central Avenue is located within the Coloma school district. Search Coloma real estate on www.athomewithalison.com today.

Listing Video

Property Features

Property Type: Multi Unit - Multiple
Heating: Radiant, Wall Furnace
Home Style: 5+ Units
Lot Size: 1.31 Acres
Roof Type: Composition
Taxes: $4,839
Year Built: 1920

Feature Descriptions

Available Utilities: Cable, Electric, Natural Gas, Public Sewer
Days on CressyEverett.com: 107
Driveway: Other
Exterior: Aluminum Siding, Other, Vinyl Siding
Lake Name: Paw Paw Lake
Lot: Corner Lot
Lot Dimensions: irr
Owner Pays: Gas, Sewer, Trash Collection, Water
Present Utilities: Cable, Electric, Natural Gas
Sewer: Public
Substructure: Michigan Basement
Tenant Pays: Electric
Unit 1 Features: Range Oven, Refrigerator
Unit 2 Features: Range/Oven, Refrigerator
Unit 3 Features: Range/Oven, Refrigerator
Unit 4 Features: Deck/Patio, Refrigerator, W/D Hookup
Unit 5 Features: Range/Oven, Refrigerator, W/D Hookup, Washer/Dryer
Water: Well
Water Features: All Sports, Deeded Access, Public Access 1 Mile or Less, Shared Frontage, View

Local Schools

School District: Coloma

Listed By / Shown By

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Listed and Shown By

Agency Name: Cressy & Everett Real Estate
Agent Name: Alison Plaisier
Agent Phone: (269) 999-0070

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Estimated Payment

$ 2,703.50 per month $2,169.30 Principal & Interest $403.25 Property Tax $130.96 Homeowner's Insurance

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