266 S Paw Paw Street Coloma, MI ^$ 1,350,000

266 S Paw Paw Street

^$ 1,350,000

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266 S Paw Paw Street

Coloma, MI, 49038

^$ 1,350,000

Studio Baths0.0

Monthly Estimate*

^$ 9,430

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Studio

Multi-Family Home for sale in Coloma, MI

for $1,350,000. This home was built in 1970 on a lot size of 0.63.

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!

Multi-Family Active

Price

^$ 1,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 13,216

Style

5+ Units

Lot Size

0.63

Year Built

1970

Town/City

Coloma

County/Region

Berrien

MLS | Web ID

24012763

Features

General

Sewer Public Sewer

Heating Baseboard Electric

Cooling Wall Unit(s)

Utilities Phone Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Electric Connected

Roof Composition

Construction Materials Vinyl Siding

Year Built 1970

Tenant Pays Electric

Property SubType 5+ Units

Tax Year 2023

County Berrien

New Construction N

Property Type Multi-Family

Attached Garage N

Status Active

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.

City Coloma

High School District Coloma

Total Units 16

MLS Area Southwestern Michigan - S

Lot Size Square Feet 27279.0

Waterfront Y/N N

Street Name Paw Paw

Land Lease Y/N N

Tax Annual Amount 13216.0

Lease Renewal Y/N N

MLS Area Minor Southwestern Michigan - S

Additional Parcels Y/N N

Rent Control Y/N N

Days on Market 38

Standard Status Active

Tax Assessed Value 168988

Legal Description LOTS 19 & 20 TOWN OF COLOMA

Senior Community None

Interior

Basement Daylight

Total Fireplaces 2

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features Asphalt Driveway

Lot Features Level

Total Parking 30.0

Lot Size Area 0.63

Number of Buildings 2

Spa N

Lot Dimensions Irregular

Lot Size Acres 0.63

Road Surface Type Paved

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 266

* Excluded Features

List By

Realty Executives Instant Equity

Broker

mattsieber.realestate@gmail.com

Affordability Calculator

$10,531

Per Month

Monthly Principal & Interest: $9,430
Monthly Property Taxes: $1,101
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Coloma, MI

Average List Price ^$822,633

Percent of Sale Price 39%

About Coloma, MI

1,332 Population

-5% Since 2002

^$45,855 Median Income

41.31 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

250169 Elementary School

250362 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2024	$1,350,000		Listed Price

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266 S Paw Paw Street, Coloma, MI, 49038 is a Multi-Family Home for sale at $1,350,000 with a lot size of 0.63. 266 S Paw Paw Street is a studio with 0.0 baths and was built in 1970. The property's zip code is 49038 which is in Coloma, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 4/27/2024.

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266 S Paw Paw Street

Multi-Family Home for sale in Coloma, MI

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