2364 N Parma Road, Parma, MI 49269

Local realty services provided by:CENTURY 21 C. Howard
2364 N Parma Road,Parma, MI 49269
$395,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: laura dwyer schlecte
Office: thinking real estate
MLS#:26036238
Source:MI_MICHRIC

Price summary

  • Price:$395,000

About this home

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

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Home facts

  • Year built:1970
  • Listing ID #:26036238
  • Added:1 day(s) ago
  • Updated:July 17, 2026 at 03:19 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Crawl Space

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1970
  • Lot area:9 Acres
  • Lot Features:Wooded

Utilities

  • Water:Well

Finances and disclosures

  • Price:$395,000
  • Tax amount:$3,016 (2025)

Parking

  • Total parking spaces:5