Address
2364 N Parma Road, Parma, MI
Price
$ 395,000
Property Attributes
- MLS#26036238
- TypeMulti-Family
- Listing Status Active
- CountyJACKSON
- CityParma
- AreaParma Twp
- NeighborhoodParma Twp
- Zip49269
- Style5+ Units
- Year Built1970
- Taxes$ 3016
- Price$ 395,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size9 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property 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
| Price History | |
|---|---|
| 7/16/2026 | Listed $395,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Utilities | Natural Gas Connected,Electricity Connected |
| Possession | Subject To Tenant Rights |
| Construction Materials | Other |
| Year Built | 1970 |
| Tenant Pays | Electric,Trash,Gas |
| Township | Parma Twp |
| Property Subtype | 5+ Units |
| Tax Year | 2025 |
| Ownership | Private Owned |
| OwnerPays | None |
| County | Jackson |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| Status | Active |
| Directions | South of I-94; North of Michigan Ave. |
| City | Parma |
| High School District | Western |
| Zoning Description | AG1 |
| Number Of Units Total | 7 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 392040.0 |
| Listing Terms | VA Loan,Cash,Conventional,Contract |
| Land Lease Y/N | No |
| Tax Annual Amount | 3016.09 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 56264 |
| MobileHomeRemainsYN | No |
| Legal Description | Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04 |
| Senior Community | None |
Interior Features
| Basement | Crawl Space |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
Exterior Features
| Parking Features | Driveway,Gravel |
|---|---|
| Lot Features | Wooded |
| Water Source | Well |
| Total Parking | 5.0 |
| Lot Size Area | 9.0 |
| Number of Buildings | 4 |
| Spa | No |
| Lot Dimensions | 425x299x390x954x269x916x228x33 |
| Lot Size Acres | 9.0 |
| Waterfront Y/N | No |
| Road Frontage Type | Private Road |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49269
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 24, 2026 10:03 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
