2364 N Parma Road, Parma, MI 49269
- $395,000
- List Price
- $395,000
- Days on Market
- 12
- MLS#
- 26036238
- Status
- ACTIVE
- Type
- Multifamily
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
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Additional Information
- Owner Pays
- None
- Taxes
- $3,016
- Acres
- 9
- Basement
- Crawl Space
- Heating
- Forced Air
- School District
- Western
- Sewer
- Septic Tank
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 5
- Utilities
- Natural Gas Connected, Electricity Connected
- Water
- Well
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Listing courtesy of Listing Agent: LAURA Dwyer SCHLECTE from Listing Office: THINKING REAL ESTATE.
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