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
Bedrooms9 Baths0.0 Sq 3,620

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

Multi-Family Home for sale in Parma, MI

for $395,000 with 9 bedrooms. This 3,620 square foot 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

9

Property Type

Multi-Family

Taxes

$ 3,016

Style

MultiFamily

Lot Size

9

Year Built

1970

Town/City

Parma

County/Region

Jackson

MLS | Web ID

55026036238

Features
General
Sewer SepticTank
Heating ForcedAir NaturalGas
Utilities ElectricityConnected NaturalGasConnected
Possession SubjectToTenantRights
Construction Materials Other
Year Built 1970
Property Subtype MultiFamily
Tax Year 2025
County Jackson
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions South of I-94; North of Michigan Ave.
City ParmaTownship_Jackson
Senior Community Y/N N
High School District Western
Zoning Description Agricultural
Number Of Units Total 7
MLS Area Area12061ParmaTwp
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3016.09
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
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
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Exterior
Parking Features Gravel
Lot Features Wooded
Water Source Well
Total Parking 5.0
Lot Size Area 392040.0
Foundation Details CrawlSpace
Number of Buildings 4
Spa N
Building Area Total 3620.0
Lot Dimensions 425x299x390x954x269x916x228x33
Lot Size Acres 9.0
Waterfront Y/N N
Road Frontage Type PrivateRoad
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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Internal Only
Street Number 1 2364
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* Excluded Features
List By
LAURA Dwyer SCHLECTE

Listing Agent

Thinking Real Estate

Broker

(517) 780-3830

Phone

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
865537 Elementary School
865541 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$395,000 Listed Price

Map


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2364 N Parma Road, Parma, MI, 49269 is a Multi-Family Home for sale at $395,000 with 3,620 sqft and a lot size of 9. 2364 N Parma Road has 9 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 49269 which is in Parma, MI