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$ 395,000
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Active
2364 N Parma Road Parma, MI 49269
3,620 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,620 sqft
Price per Sqft $109
Subdivision Mi
MLS Listing ID 70545913
Year Built 1970
Annual Tax Amount $3,016
Tax Year 2025
Lot Size 9.000 Acres
Acres 9.0
Lot Dimensions 425x299x390x954x269x916x2
Property Sub-Type Multi-Family
Property Description
Investment opportunity featuring a small, fully occupied mobile home park with stable cash flow. The property includes three separate parcels totaling approximately 9 acres, with five mobile homes on site. The seller owns four of the homes and receives lot rent from the fifth. Current gross annual income is approximately $54,540, with estimated annual operating expenses of $20,000 for taxes, insurance, maintenance, and repairs. The homes are approximately 30-40 years old, have been rebuilt or updated, and are in average to good condition with no known major deferred maintenance. Owner-paid utilities apply to the duplex units. The property is supported by three wells and four septic systems and offers convenient access to the highway and the Village of Parma. Additional vacant acreage may provide potential for future home sites or other uses, subject to municipal and zoning approval. Seller prefers owner financing through a land contract, with terms subject to negotiation and approval
Location
State MI
County Jackson
Area Parma Twp (38011)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Other
Building
Lot Description Wooded
Foundation Crawl
Structure Type Other
Schools
School District Western School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by THINKING REAL ESTATE
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