About This Home

This 9-bedroom, 0-bathroom residential multi family at 2364 N Parma Road in Parma, MI is listed for $395,000. Built in 1970, on a 9.00 acres lot.

Key Features

  • Built in 1970
  • 9.00 acre lot
  • 5 parking spaces

Property Details

6 full
5 spaces
1970
Listing 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

Monthly Cost Estimate

$2,113/mo

20% down · 6.5% · 30 years

Principal$286
Interest$1,712
Insurance$115

Estimates only. Actual payments may vary.

Location

2364 N Parma Road

Parma, MI 49269

Property Details

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 9-bedroom, 0-bathroom residential multi family at 2364 N Parma Road is listed at $395,000. The estimated monthly payment is $2,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 9.00 acre lot, 5 parking spaces.

This property is listed by LAURA Dwyer SCHLECTE.

LS

LAURA Dwyer SCHLECTE

Agent at THINKING REAL ESTATE

Listed by THINKING REAL ESTATE · Broker phone: 1 517-780-3800 · View on Broker Site

MLS# 26036238· Source: Michigan Regional Information Center, LLC.· 105 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2364 N Parma Road, Parma, MI 49269

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