About This Home
This 15-bedroom, 0-bathroom residential multi family at 7976 Central Avenue in Coloma, MI is listed for $929,000. Built in 1920, on a 1.31 acres lot.
Key Features
- Built in 1920
- 1.31 acre lot
- 10 parking spaces
- Waterfront
Property Details
Amenities
Primary residence, long-term rental, STR . . . this remarkable 1.3 acre property has it ALL! With deeded access and just steps away from Paw Paw Lake, this spacious corner property originally operated as a hotel. It offers a rare combination of investment potential and personal enjoyment making it an ideal opportunity for those looking to offset ownership costs while building long-term value.
The main building includes a beautifully renovated fully-furnished 2-bedroom, 1-bath STR as well as an exceptionally remodeled 8-bedroom, 3.5-bath residence featuring stunning finishes throughout. From the moment you enter, it is clear that every detail has been thoughtfully designed and impeccably completed.
In addition to all the amazing renovations, there is a new roof and new gutters in 2025 and a new well pump and new electrical box in 2024. The property also includes three additional residences. One is a gorgeously remodeled and fully furnished 2-bedroom, 1-bath home, while the other is a 1-bedroom, 1-bath unit.
Both are currently occupied by month-to-month tenants. Opportunities like this are truly few and far between! A final building is also located on the property but had foundation issues in 2024 (foundation reinforced in 2025) and may not be toured any further than the kitchen for safety reasons.
Monthly Cost Estimate
$4,968/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7976 Central Avenue
Coloma, MI 49038
Property Details
Construction
Heating
Cooling
Questions & Answers
This 15-bedroom, 0-bathroom residential multi family at 7976 Central Avenue is listed at $929,000. The estimated monthly payment is $4,969 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 1.31 acre lot, 10 parking spaces, Waterfront.
This property is listed by Wendy Morauske and can be reached at 2693693699.