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5651-5655 Paw Paw Lake Road, Coloma, MI 49038

$740,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 11 hours ago
5651-5655 Paw Paw Lake Road, Coloma, MI 49038View this property at 5651-5655 Paw Paw Lake Road, Coloma, MI 49038
5651-5655 Paw Paw Lake RoadColomaMI49038

Map & Location

Street View

Property Description

ATTENTION DEVELOPERS & INVESTORS! READY FOR CONDO CONVERSION. 12 units all currently leased, 3 brick, aluminum-sided buildings. 5+ ACRES allows for 5 additional buildings to be built, for additional profits. Each rental/condo has 2 bedrooms, 2 baths, gas fireplace, central air. Tenants enjoy in-ground pool, tennis courts, deck/patio, carport. All-sports Paw Paw Lake is nearby. Positive cash flow, great opportunity to continue this perfect investment. OWNER SAYS BRING OFFERS!!

Full Property Detailsfor 5651-5655 Paw Paw Lake Road

General

  • Sold For: $740,000
  • Taxes: $18,166 (2014)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 15042380
  • Added: 1, 050 day(s) ago

Additional Information

  • Extras: Carports, Pool, Tennis Court

Parking

  • Total Spaces: 50

Location

  • Area: Coloma School
  • County: Berrien
  • Cross Streets: Beechwood & Paw Paw Lk rd
  • Driving Directions: I-94 to Exit 39, north through town to Paw Paw Lake Rd to address

School Information

  • School District: Coloma

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public
  • Water: Well
  • Onsite: Electricity, Natural Gas
  • Not Onsite: Electricity, Public Sewer

Structural Information

  • # Buildings: 3
  • Exterior Const.: Aluminum Siding, Brick
  • Basement: Yes
  • Basement Desc.: Full Basement
  • Roof: Composition
  • Year Built: 1980

Unit Information

Unit 1

  • Unit Description: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Unit Description: 2
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Unit Description: 3
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Unit Description: 4
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 5

  • Unit Description: 5
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 6

  • Unit Description: 6
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 7

  • Unit Description: 7
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 8

  • Unit Description: 8
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 9

  • Unit Description: 9
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 10

  • Unit Description: 10
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 11

  • Unit Description: 11
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 12

  • Unit Description: 12
  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 5.91
  • Lot Size (Sq. Ft.): 257,439
  • Lot Dimensions: 800 x
  • Frontage Feet: 800
  • Lot Access: Paved
  • Access Info: Paved

Water Features

  • Water Extras Desc: All Sports
  • Water Front View: Lake

Financial Considerations

  • Price Per Sq. Ft.: $80.98
  • Tax Amount: $18,166
  • Tax Year: 2014
  • Terms: Cash/Conventional
  • Tenant Expense: Electricity, Gas

Disclosures and Reports

  • Legal Description: on file
  • APN: 110800150008192

Listed by Core Real Estate, Inc., Earl Misch
Sold by Michigan Lake & Land LLC, Tim O'Leary

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Your Property Information

Your Contact Information

Schools

Schoolsserving 5651-5655 Paw Paw Lake Road

School District:Coloma Community Schools
School Name
Grades
Distance
Coloma Elementary School, Coloma, MI
262 S West St, Coloma, MI 49038
K-3
3 mi
Coloma Intermediate School
274 South West St, Coloma, MI 49038
4-5
3 mi
Coloma Junior High School
302 West Saint Joseph St, Coloma, MI 49038
6-8
3.3 mi
Coloma High School
300 West Saint Joseph St, Coloma, MI 49038
9-12
3.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 5651-5655 Paw Paw Lake Road

Date
Details
Price
Change
Source
6/20/2018
Sold
$740,000
-4.52%
MLS
3/31/2017
Price Reduced
$775,000
-3.12%
MLS
12/28/2016
Price Reduced
$799,999
-20%
MLS
5/09/2016
Price Reduced
$999,999
-9.09%
MLS
12/21/2015
Price Reduced
$1,100,000
-12%
MLS
8/06/2015
Listed
$1,250,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 5651-5655 Paw Paw Lake Road

Listed by Core Real Estate, Inc., Earl Misch
Sold by Michigan Lake & Land LLC, Tim O'Leary

5651-5655 Paw Paw Lake Road, Coloma, MI 49038 (MLS# 15042380) is a Multi-Family property that was sold at $740,000 on June 20, 2018. Want to learn more about 5651-5655 Paw Paw Lake Road? Do you have questions about finding other Multi-Family real estate for sale in Coloma? You can browse all Coloma real estate or contact a Coldwell Banker agent to request more information.