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
14 days
|
449
|
22
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Zillow last checked:
Listing updated:
Listed by:
LAURA Dwyer SCHLECTE517-780-3830,
THINKING REAL ESTATE517-780-3800
Source: MichRIC,MLS#: 26036238
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Heating
Forced Air
Cooling
None
Features
Basement: Crawl Space
Interior area
Total interior livable area: 3,808 sqft
Property
Parking
Total spaces: 5
Parking features: Driveway, Gravel
Lot
Size: 9 Acres
Dimensions: 425 x 299 x 390 x 954 x 269 x 916 x 228 x 33
Features: Wooded
Details
Parcel number: 000062542600300
Zoning description: AG1
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Other
Condition
New construction: No
Year built: 1970
Utilities & green energy
Sewer: Septic Tank
Water: Well
Utilities for property: Natural Gas Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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