$145,000
$148,900
2.6%For more information regarding the value of a property, please contact us for a free consultation.
5114 Paw Paw Lake Road Coloma, MI 49038
1.87 Acres Lot
Key Details
Sold Price $145,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Coloma Twp
MLS Listing ID 19006652
Sold Date 08/26/19
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1930
Annual Tax Amount $3,189
Tax Year 2018
Lot Size 1.870 Acres
Acres 1.87
Lot Dimensions irregular
Property Description
Six units for sale for $148,900 on 1.87 acres! This property will cash flow and make you money. This works out to $24,800 / unit, which is a great price! This property consists of a nice 2 bedroom brick house with an attached garage, a stand alone cottage, and a 2 story 4 unit house with large, spacious units. Tenants pay gas & their own electric. Owners pay water, sewer, trash, and minor common electric costs. Property is serviced by city sewer & well water. Plenty of on-site parking. This property has a good history and grosses over $2,500 a month in rent. If you are serious about making money with income producing real estate, you should see this property.
Location
State MI
County Berrien
Area Southwestern Michigan - S
Direction From Coloma City take Paw Paw lake Road east to the property. Across the street from the lake.
Rooms
Basement Crawl Space, Michigan Basement, Slab
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 3
Exterior
View Y/N No
Roof Type Composition
Topography {Level=true}
Street Surface Paved
Total Parking Spaces 20
Building
Sewer Public Sewer
Structure Type Aluminum Siding, Wood Siding, Brick
New Construction No
Schools
School District Coloma
Others
Tax ID 110800160013127
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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