Listed price in listed location currency (USD).
$395,000

005

MLS® 55026036238

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $3,016
Days Active 83
Lot Size 9 Acres
Approx. Age 1970
MLS® Number 55026036238

Property Address: 2364 N Parma Rd, Parma, MI, 49269-9560

Average square foot calculated using Size range provided by listing agent.

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
MLS® Number55026036238
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1970
Basement
DrivewayGravel
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 15, 2026List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
2364 N Parma Rd, Parma, MI

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