$395,000
2364 N Parma Road, Parma, MI 49269
Parma, MI 49269
MLS# 26036238
- Year built
- 1970
- Days on market
- 0
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
Interior
- Heating
- Forced Air
- Cooling
- None
Exterior & construction
- Parking
- Gravel
- Construction
- Other
- Lot size
- 392,040 sq ft
- Lot dimensions
- 425x299x390x954x269x916x228x33
Utilities
- Water source
- Well
- Utilities
- Natural Gas Connected, Electricity Connected
Financial
- Annual tax
- $3,016
- Tax year
- 2025
- Assessed value
- $56,264
Location
Listed by LAURA Dwyer SCHLECTE · THINKING REAL ESTATE
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$1,997/mo
$79,000 down · $316,000 financed
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Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.