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 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
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2364 N Parma Road, Parma, MI 49269 - Image 6
Studio

Multi-Family Home for sale in Parma, MI

for $395,000. 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

Studio

Property Type

Multi-Family

Taxes

$ 3,016

Style

Lot Size

9

Year Built

1970

Town/City

Parma

County/Region

Jackson

MLS | Web ID

70545913

Features
General
Heating Forced Air
Cooling None
Status Active Active
Year Built 1970
County Jackson
Class MULTIFAMILY
Type Multi-Family
Municipality Parma Twp
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Parma Twp (38011)
Primary City Parma
Directions South of I-94; North of Michigan Ave.
City Parma
School District Western School District
Financial Terms Cash Conventional Land Contract VA
Legal Description Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04
DOM 6
Postal Code 49269
Price Per Sq Ft Total AG 109.12
Public Remarks Investment opportunity featuring a small fully occupied mobile home park with stable cash flow. The property includes three separate parcels totaling approximately 9 acres
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Exterior
Exterior Other
Frontage 425
Lot Size Area 9
Lot Dimensions 425x299x390x954x269x916x2
Lot Description Wooded
Roads City/County Private Road
Waterfront Y/N No
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Interior
Total Number of Units 7
Fuel Type Natural Gas
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* Excluded Features
List By
LAURA SCHLECTE

Listing Agent

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
1572244 Elementary School
1572157 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 is a studio with 0.0 baths and was built in 1970. The property's zip code is 49269 which is in Parma, MI