Coloma Twp, MI 49038,7976 Central Avenue
$399,900
$399,900
Est.Price: ?

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5 BD
1.31 Acres Lot

7976 Central Avenue Coloma Twp, MI 49038

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

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Key Details

Sold Price $399,900

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 69023022740

Sold Date 09/11/23

Bedrooms 5

Originating Board Southwestern Michigan Association of REALTORS®

Year Built 1920

Annual Tax Amount $4,839

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

Direction Paw Paw Lake Rd to Lakewood St, rt on Blum Ave, lt on Central Ave

Interior

Interior Features Cable Available

Heating Baseboard, Radiant, Wall/Floor Furnace

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Waterfront no

Waterfront Description Shared Water Frontage,Lake/River Priv

Water Access Desc All Sports Lake

Roof Type Composition

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Well (Existing)

Structure Type Aluminum,Other,Vinyl

Schools

School District Coloma

Others

Pets Allowed Yes

Tax ID 110846000167060

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Alison Plaisier of Cressy & Everett Real Estate
Bought with Cressy & Everett Real Estate

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David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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