2364 N Parma RoadParma, MI 49269

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

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1970

Lot size

9.00 acres

Lot dimensions

425x299x390x954x269x916x228x33

Parking spaces

5

Ownership

Private Owned

Days on market

123

MLS^® Listing#

26036238

Property Features

Cooling

None

Heating

Natural Gas · Forced Air

Basement

Crawl Space

Parking

Driveway · Gravel

Lot features

Wooded

Construction

Other

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected

Sewer

Septic Tank

Water source

Private · Well

Schools

District

Western

Financial Details

Annual taxes

$3,016Tax year 2025

Assessed value

$56,264

Parcel number

000-06-25-426-003-00

Directions

South of I-94; North of Michigan Ave.