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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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2364 N Parma Rd , Parma, MI 49269
$395,000
Est. Payment: $877.78/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 5
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House 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

Highlights

Listed by LAURA Dwyer SCHLECTE , 517-780-3830 THINKING REAL ESTATE , 517-780-3800.

Property Type

Multi-Family

Lot/Acreage
9

Year Built

1970

County

Jackson

School District

Western

Listing ID

26036238

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Crawl Space
Water:Well

Exterior Features

Lot:Wooded
Garage Capacity:5
Sewer:Septic Tank
Parking Features:Driveway,Gravel
Principal Interest
$878
Taxes
$251

Home Price

$395,000

Loan Details

30 yrs
%

Down Payment

20%
$79,000
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Monthly Price:
$877.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $877.78 $251.34 $0.00 $1,129.12
Yearly $10,533.33 $3,016.09 $0.00 $13,549.42
Total $316,000.00 $90,482.70 $0.00 $406,482.70

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Parma, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.