2364 N Parma Road, Parma, MI 49269
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Nathaniel Richards

Nathaniel Richards

+1(734) 299-1209
$ 395,000
Est. payment | /mo

9 Acres Lot

Save
$ 395,000
Est. payment | /mo
Save

9 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Parma Twp

MLS Listing ID 26036238

Year Built 1970

Annual Tax Amount $3,016

Tax Year 2025

Lot Size 9.000 Acres

Acres 9.0

Lot Dimensions 425x299x390x954x269x916x228x33

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

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

Direction South of I-94; North of Michigan Ave.

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling None

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 5

Building

Lot Description Wooded

Sewer Septic Tank

Water Well

Structure Type Other

New Construction No

Schools

School District Western

Others

Tax ID 000-06-25-426-003-00

Acceptable Financing VA Loan, Cash, Conventional, Contract

Listing Terms VA Loan, Cash, Conventional, Contract

Listed by THINKING REAL ESTATE

Schools and Properties Nearby

Nathaniel Richards
Nathaniel Richards

Realtor | License ID: 6501446715

+1(734) 299-1209 | nate@reagentnathaniel.com

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2364 N Parma Road