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2364 N Parma Road

Parma, Michigan 49269

$395,000 $1,665/Mo

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Overview

Bed

Bath

Acres(Lot)

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

Property Details

Property Type : Multifamily

Price : $395,000

AD Id : 88071598

MLS Id : 55026036238

Beds : 9

Lot Size : 9 Acres

Year Built : 1970

County : Jackson

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1970 Total Units: 7 Foundation/Basement: Crawl
Utility Features

Sewer: Septic Tank (Existing)
Water

Well (Existing)

Lot Information

Lot Size: 9.00 Lot Dimensions: 425x299x390x954x269x916x228x33 Frontage Feet: 425
Property Information

Financing: Cash,Contract,Conventional,VA

Listing Price Information

Original List Price: $395,000
Listing Information

Possession: Subject To Tenant Rights Legal Description: Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04

Tax Information

Annual Tax: $3,016 Parcel Number: 000062542600300
Possession

Subject To Tenant Rights
Legal Information

Legal Description: Section: Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04

Unit 1 Information

# of Bedrooms: 3
Unit 2 Information

# of Bedrooms: 3

School Information

School District: Western
Utility Information

Water: Well (Existing) Sewer: Septic Tank (Existing)

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ByOwner last updated this listing 07/31/2026 @ 15:39

MLS: 55026036238 LISTED BY: LAURA Dwyer SCHLECTE , THINKING REAL ESTATE 517-780-3800 SOURCE: Realcomp II Ltd