Located in popular Western School District, this 12 unit property is available for its new owner operator. Current CAP Rate approx. 11%. Growth potential to drive CAP Rate higher. Each building provides four units. Each unit provides living room, kitchen with appliances, two bedrooms, and one bathroom. Ample parking space for all tenants. 8 units updated in the last year. Large yard area for entertaining. Property offers easy access for eastbound and westbound commuters.
Sold
$553,000
103-121 John St, Parma, MI 49269
2beds
1baths
900sqft
5+ Units
Built in 1978
-- sqft lot
$571,900 Zestimate®
$614/sqft
$988 Estimated rent
Home value
$571,900
$475,000 - $686,000
$988/mo
Zestimate® history
Owner options
List your home for rent
$988/mo
Rent Zestimate®
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$988/mo
Rent Zestimate®
Refinance and save
$3,536/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,536/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Scott Timms 517-817-9517,
Coldwell Banker Beiswanger Realty Group
Bought with:
Todd Rowe, 6501429570
Coldwell Banker Beiswanger Realty Group
Source: MichRIC,MLS#: 24048171
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Baseboard, Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: In Unit
Features
- Basement: Slab
Interior area
- Total interior livable area: 900 sqft
Property
Parking
- Total spaces: 30
- Parking features: Driveway, Gravel
Accessibility
- Accessibility features: No Step Entrance
Lot
- Size: 1.30 Acres
- Dimensions: 390 x 145
- Features: Level
Details
- Parcel number: 002073116000100
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Vinyl Siding
- Roof: Other,Composition
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Parma
Other
Other facts
- Listing terms: Cash,Conventional,Contract,Tax Def Exchange
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2025 | Sold | $553,000+0.5%$614/sqft |
Source:  MichRIC #24048171 Report a problem | ||
| 3/6/2025 | Pending sale | $550,000$611/sqft |
Source: MichRIC #24048171 Report a problem | ||
| 11/26/2024 | Listing removed | $550,000$611/sqft |
Source: MichRIC #24048171 Report a problem | ||
| 9/30/2024 | Listing removed | $550,000$611/sqft |
Source: MichRIC #24048171 Report a problem | ||
| 9/12/2024 | Listed for sale | $550,000+34.1%$611/sqft |
Source: MichRIC #24048171 Report a problem | ||
| 5/8/2023 | Listing removed | -- |
Source:  MiRealSource #40168652 Report a problem | ||
| 5/7/2021 | Sold | $410,000$456/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49269
Nearby schools
GreatSchools rating
- 6/10Parma Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Western Middle SchoolGrades: 6-8Distance: 3 mi
- 7/10Western High SchoolGrades: 9-12Distance: 3 mi
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- Michigan
- Jackson County
- Parma
- 49269
- 103-121 John St
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