Heron's Nest Vacation Rentals
Multifamily | 8.04% CAP | 7 Units
Marketing description
Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership.
The property is a proven income producer, operating as short-term rentals during the summer season and transitioning to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. This is a stabilized asset with an established rental history and excellent performance.
The quality of construction is immediately apparent throughout the property. The craftsmanship is exceptional, with no corners cut during construction or subsequent improvements. The current owners have continually invested in the property, updating heating and cooling systems, paving the driveway, and renovating the seventh cabin into a dedicated office and laundry center.
Investment highlights
Diversified, professionally managed 7-cabin STR compound generating consistent income across independent listings rather than a single-asset risk profile.
Gross revenue grew 20.4% year-over-year, from $125,274 in 2024 to $150,855 in 2025, with several cabins posting 30–50%+ payout growth individually.
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