7976 Central Avenue
Coloma, MI 49038
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1920 build
- – on site
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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!
Last checked:
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Last updated Mar 21, 2025
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MLS# 69023022740 —
The Building
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Year Built:1920
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Construction Materials:AluminumSiding, Other, VinylSiding
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Roof:Composition
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Basement:true
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Foundation Details:MichiganBasement
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Building Area Total:5715.0
Location
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Directions:Paw Paw Lake Rd to Lakewood St, rt on Blum Ave, lt on Central Ave
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Cross Street:Lakewood Dr
The Property
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Parcel Number:110846000167060
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:1.31
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Lot Size Area:57064.0
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Lot Size Dimensions:irr
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Lot Size Units:SquareFeet
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View:Water
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Water Frontage Feet:40.0
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Waterfront Features:AllSportsLake, Lake, PublicLake, SharedWaterFrontage, WaterAccessRights
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Water Body Name:Paw Paw Lake
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Road Frontage Feet:470
Listing Agent
- Contact info:
- Agent phone:
- (269) 999-0070
- Office phone:
- (269) 429-6666
Taxes
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Tax Legal Description:SPLIT ON 07/19/2022 FROM 08-4600-0167-02-1; THAT PT OF THE HOTEL SITE BLK E SUB OF BLK 4 LAKEWOOD COM AT THE SE COR OF SD ''HOTEL SITE TH N18DEG45'23''E ON THE ELY LN OF SD HOTEL SITE 200.54' (PLATTED '' 200') TO NE COR OF SD HOTEL SITE TH N89DEG21'W ON SD N LN 264' TO POB TH ''S18DEG45'23''W 157.51' TH S89DEG21'E 80' TH S18DEG45'23''W 46.41' TO S LN OF SD HOTEL SITE TH W ON SD S LN 318.79' TO SW
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Tax Assessed Value:92978
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Tax Annual Amount:4839.0
Heating & Cooling
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Heating:Baseboard, NaturalGas, Radiant, WallFurnace
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Heating:true
Utilities
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Utilities:CableAvailable, CableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerConnected
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Sewer:PublicSewer, SewerAtStreet
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Water Source:Well
Schools
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High School District:Coloma
The Community
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Waterfront:false
Parking
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Parking Total:10.0
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Parking Features:Other
IDX provided courtesy of Realcomp II Ltd., via Estately and Southwestern Michigan Association of REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/11/23
Sep 11, 2023
|
Sold | REALCOMP | $399,900 |
