Heron's Nest is a seven-building rental compound at 5358 Paw Paw Lake Rd, Coloma, MI, coded here as multifamily (6 rental units — 3 one-bedroom/one-bath, 3 two-bedroom/one-bath — plus a non-revenue office/laundry building). Note for underwriting: this is not a traditional long-term multifamily hold. The property operates as a furnished short-term (nightly) vacation rental during the May–September peak season via Airbnb/VRBO, converting to off-season monthly/extended-stay leases the rest of the year. Trailing 12-month (2025) gross revenue was $150,855 with a $98,006.33 net owner distribution over the nine operating months (Apr–Dec; cabins were shut down Jan–Mar while the off-season leasing program was established). H1 2026 gross revenue of $76,443 is up ~107% year-over-year, with the portfolio now booking room nights in every month versus that Jan–March shutdown in 2025. Asking price is $1,125,000 ($187,500/revenue unit). Located in Berrien County's Paw Paw Lake corridor, roughly 90 minutes from Chicago.