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2364 N Parma Road
Parma, MI 49269
N/A Beds
N/A Baths
3,620 Sq Ft
9 ac Acres
1970 Year Built
8 Days on homefello
$395,000
Est. $2,561/mo
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About This Property
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
Listed by: LAURA D SCHLECTE (734) 660-4260 THINKING REAL ESTATE
Source: MiRealSource MLS#: 70545913
Key Features
Central air conditioning
Convenient access to parks & trails and local amenities
Inside the Home
3,620 sq ft of living space
Crawl Space
Comfort & Climate
Forced Air, Natural Gas
None
Natural Gas Available
Outdoor Features
Wooded
Property Overview
Lot size: 9.0000 acres
Built in 1970
Multi-Family
Annual taxes: $3,016
Construction
Other
Community
Jackson County
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From: 2364 N Parma Road, Parma 49269
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