Properties for sale in Michigan

Overview

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

Location Property Info

County: Jackson
Street #: 2364
Street Direction: N
Street Name: Parma
Suffix: Road
State: MI
Zip Code: 49269

General Property Info

Lot Measurement: Acres
Lot Square Footage: 392040
Lot Acres: 9
Lot Dimensions: 425x299x390x954x269x916x228x33
Year Built: 1970
New Construction: No
Financial Available: Yes
Financial Comments: Land Contract Negotiable
Cert of Compliance: No
Road Frontage: 425
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 3620
Total Parking Spaces: 5
Waterfront: No
School District: Western
Association YN: No
Basement: No

Tax Info

Tax ID #: 000-06-25-426-003-00
Taxable Value: 56264
SEV: 104000
For Tax Year: 2025
Seller's Annual Property Tax: 3016.09
Tax Year: 2025
Spec Assessment & Ty: None
Zoning: AG1
Homestead %: 0

Remarks Misc

Directions: South of I-94; North of Michigan Ave.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: 11000
Unit Description: Single Wide
SqFt: 924
Occupied: Yes
Monthly Rent: 750
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 11004
Unit Description: Single Wide
SqFt: 708
Occupied: Yes
Monthly Rent: 700
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 2364
Unit Description: 1/2 of Single Wide
SqFt: 462
Occupied: Yes
Monthly Rent: 625
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 2364
Unit Description: 1/2 Single Wide
SqFt: 462
Occupied: Yes
Monthly Rent: 700
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 11012
Unit Description: Single Wide
SqFt: 532
Occupied: Yes
Monthly Rent: 720
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 11012
Unit Description: Single Wide
SqFt: 720
Occupied: Yes
Monthly Rent: 690
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 2368
Unit Description: Lot Only
Occupied: Yes
Monthly Rent: 360
SqFt: 0

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

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: Yes

Street Type

Private: Yes
Public: Yes

Util Avail at Street

None: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes
Land Contract: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Exterior Material

Other: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Trash: Yes

Driveway

Gravel: Yes

Substructure

Crawl Space: Yes

Owner Pays

None: Yes

Possession

Subject To Tenant Rights: Yes

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

2364 N Parma Road, Parma, MI 49269