2364 N Parma Road Parma, MI $ 395,000
2364 N Parma Road
$ 395,000
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2364 N Parma Road

Parma, MI, 49269
$ 395,000
Baths0.0

Monthly Estimate*

$ 2,494

2364 N Parma Road, Parma, MI 49269 - Image 1
2364 N Parma Road, Parma, MI 49269 - Image 2
2364 N Parma Road, Parma, MI 49269 - Image 3
2364 N Parma Road, Parma, MI 49269 - Image 4
2364 N Parma Road, Parma, MI 49269 - Image 5
2364 N Parma Road, Parma, MI 49269 - Image 6
Studio

Multi-Family Home for sale in Parma, MI

for $395,000. This home was built in 1970 on a lot size of 9.

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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Multi-Family Active

Price

$ 395,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,016

Style

5+ Units

Lot Size

9

Year Built

1970

Town/City

Parma

County/Region

Jackson

MLS | Web ID

26036238

Features
General
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
County Jackson
New Construction N
Property Type Multi Family
Attached Garage N
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 N
Tax Annual Amount 3016.09
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 56264
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
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Interior
Basement Crawl Space
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Wooded
Water Source Well
Total Parking 5.0
Lot Size Area 9.0
Number of Buildings 4
Spa N
Lot Dimensions 425x299x390x954x269x916x228x33
Lot Size Acres 9.0
Waterfront Y/N N
Road Frontage Type Private Road
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2364
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* Excluded Features
List By
Thinking Real Estate

Broker

laura@7803800.com

Email

Affordability Calculator

$2,745
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,494
Monthly Property Taxes
$251
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
685732 Elementary School
685745 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$395,000 Listed Price

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2364 N Parma Road, Parma, MI, 49269 is a Multi-Family Home for sale at $395,000 with a lot size of 9. 2364 N Parma Road is a studio with 0.0 baths and was built in 1970. The property's zip code is 49269 which is in Parma, MI