$395,000
Parma, MI 49269
MLS# 26036238
1 / 1
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
Details
Maps
Location & Property Info
Cross Streets: S of I-94, N of Michigan Ave
Property Sub-Type: 5+ Units
Municipality: Parma Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 109.12
General Property Info
New Construction: No
Lot Dimensions: 425x299x390x954x269x916x228x33
Financial Available: Yes
Financial Comments: Land Contract Negotiable
Road Frontage: 425
Cert of Compliance: No
Waterfront: No
Basement: No
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 3620
Total Parking Spaces: 5
School District: Western
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 392040
Lot Acres: 9
Year Built: 1970
Tax Info
Taxable Value: 56264
SEV: 104000
For Tax Year: 2025
Seller's Annual Property Tax: 3016.09
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: AG1
Tax ID #: 000-06-25-426-003-00
Remarks & Misc
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, 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
Legal: Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04
Lot Description
Wooded: 1
Street Type
Private: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
Land Contract: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Exterior Material
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Gravel: 1
Substructure
Crawl Space: 1
Owner Pays
None: 1
Unit 1
Unit #: 11000
Unit Description: Single Wide
SqFt: 924
Occupied: Yes
Monthly Rent: 750
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 11004
Unit Description: Single Wide
SqFt: 708
Occupied: Yes
Monthly Rent: 700
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 2364
Unit Description: 1/2 of Single Wide
SqFt: 462
Occupied: Yes
Monthly Rent: 625
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 2364
Unit Description: 1/2 Single Wide
SqFt: 462
Occupied: Yes
Monthly Rent: 700
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 11012
Unit Description: Single Wide
SqFt: 532
Occupied: Yes
Monthly Rent: 720
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 11012
Unit Description: Single Wide
SqFt: 720
Occupied: Yes
Monthly Rent: 690
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 2368
Unit Description: Lot Only
SqFt: 0
Occupied: Yes
Monthly Rent: 360
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Jackson
Street #: 2364
Street Direction: N
Street Name: Parma
Suffix: Road
State: MI
Zip Code: 49269
OfficeContract Info
Status: Active
Current Price: $395,000
List Price: $395,000
Listing Date: 2026-07-15
Remarks Misc
Directions: South of I-94; North of Michigan Ave.
Property Features
Exterior Material: Other
Substructure: Crawl Space
Lot Description: Wooded
Sewer: Septic Tank
Water: Well
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: None
Owner Pays: None
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Gravel
Street Type: Private; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; Land Contract; VA Loan
Possession: Subject To Tenant Rights
Sale Conditions: None
Listing Office: THINKING REAL ESTATE
Listing Agent: LAURA Dwyer SCHLECTE
Last Updated: July - 16 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.