$1,350,000
Coloma, MI 49038
MLS# 24012763
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Property Description
Welcome to a prime investment in the heart of Coloma! This 16-unit apartment building presents boundless potential for savvy investors. Boasting a strategic location and solid existing rents, seize the opportunity to maximize returns. Whether capitalizing on current rental income or enhancing units for increased gross rents, the possibilities are endless. Don't miss out on this chance to elevate your investment portfolio in a great market!
Details
Maps
Location & Property Info
County: Berrien
Street #: 266
Street Direction: S
Street Name: Paw Paw
Suffix: Street
State: MI
Zip Code: 49038
Cross Streets: Red Arrow Hwy and Leedy St.
Property Sub-Type: 5+ Units
Area: Southwestern Michigan - S
Municipality: Coloma City
Office/Contract Info
Status: Active
Current Price: $1,350,000
List Price: $1,350,000
Auction or For Sale: For Sale
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-03-15
General Property Info
Lot Measurement: Acres
Lot Square Footage: 27279
Lot Acres: 0.63
Lot Dimensions: Irregular
Year Built: 1970
New Construction: No
Road Frontage: 185
Total # Units: 16
# of Diff Unit Floor Plans: 1
Total # Bldgs: 2
Total Parking Spaces: 30
Waterfront: No
School District: Coloma
Tax Info
Tax ID #: 11-60-0340-0019-00-9
Taxable Value: 168988
SEV: 199600
For Tax Year: 2023
Annual Property Tax: 13216
Tax Year: 2023
Remarks & Misc
Directions: From exit 39 I-94 Drive north on S. Church St. Turn east on E. St. Joseph Street and North on S. Paw Paw. Apartments are on the left just past Dairy Queen.
Legal: LOTS 19 & 20 TOWN OF COLOMA
Access Feat
Accessibility Features: No
Unit 1
Unit Description: NA
SqFt: 1
Monthly Rent: 1
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Daylight
Lot Description: Level
Sewer: Public
Water: Public
Utilities Attached: Electric
Util Avail at Street: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Telephone Line
Owner Pays: Trash Collection
Tenant Pays: Electric
Heat Source: Electric
Heat Type: Baseboard
Air Conditioning: Wall Unit(s)
Driveway: Asphalt
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office: Realty Executives Instant Equity
Listing Agent: Matt Sieber
Last Updated: March - 16 - 2024
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