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Home > For Sale > Apartment Buildings(5+ Units)
Listing ID: 5496
Coloma 5 Units $0 For Sale We can finance it! Property Description D & L Goolsby, LLC Paw Paw Lake Apartments Offering 5561 Paw Paw Lake Road Coloma, MI 49038 Apartment Building with 4 ? 2 Bed/1Bath Units House ? 2 Bed/1Bath Units 1 - $600 Units 2-3 - $575 month Unit 4 - $530 month House - $600 month Separate Meters (except we pay electric for unit 1 since the well is on the meter) Approximately 300 feet from Paw Paw Lake Access Parking Along Walnut Road Interiors renovated in 2003 New Sewer Line - 2005 New Electric Line to Well -2006 Insurance - $2000 yearly 2006 Property Taxes - $2602.91 Trash pick-up - $60 a month Gas - $150 average a month City Sewer - $130 quarterly Coin ?op Laundry ? Operated by Great Lakes Appliances - $50 a month ? average Monthly Balance Sheet Income: $2905 Expenses: $636.57 This is how it has been for the last 3-4 years that we have owned the building. We did get it rezoned to ? multi-family from commercial. Occupancy fluctuates, but they are basically full. We get approximately 20 inquiries a month from our yard sign. Our rents are low for the area ? 2 beds should be about $650. There is room on the property to build another 5-6 unit or more. Contact Information Contact person: Lisa Goolsby Seller type: Private Owner Owner Finance: No MLS: Phone: Log in to view Address: Log in to view City: Coloma State/Province: Zip/Postal Code: Country: User Listings: Show All Ads by this member Listing Information Type: Apartment Buildings Listing Status: For Sale Price: 0 Bedrooms: 10 Bathrooms: 5 Stories: 3 Square Feet: Lot Size: Age of Home: Additional Feature: Appliances: Dishwasher, Disposal, Electric Oven/Range Benefits: Lake View Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free!