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  • $395,000

    2364 N Parma Rd, Parma, MI 49269

    9beds
    6baths
    3,808sqft
    : 
    $2,706/mo
    Get pre-qualified
    5+ Units
    Built in 1970
    -- sqft lot
    $379,400 Zestimate®
    $104/sqft
    $-- HOA

    What's special

    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 SCHLECTE 517-780-3830,

    THINKING REAL ESTATE 517-780-3800

    Source: MichRIC,MLS#: 26036238MLS Logo

      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

      Community & HOA

      Location
      • Region: Parma

      Financial & listing details

      • Price per square foot: $104/sqft
      • Tax assessed value: $56,264
      • Annual tax amount: $3,016
      • Date on market: 7/15/2026
      • Listing terms: VA Loan,Cash,Conventional,Contract
      • Tenant pays: Electricity, Gas
      • Electric utility on property: Yes

        Estimated market value

        $379,400

        $357,000 - $398,000

        $1,636/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$395,000$104/sqft
        Source: MichRIC #26036238 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $35,600 +40.2%
        2024-- $25,400 +29.6%
        2021-- $19,600 +2.1%
        2020$775 $19,200
        2019$775 $19,200 +20.8%
        2018-- $15,900
        2017-- $15,900 -5.9%
        2016-- $16,900 +11.6%
        2015-- $15,150 -1%
        2014-- $15,300 +13.3%
        2012-- $13,500 -27.2%
        2011-- $18,535
        2010-- $18,535
        2009-- $18,535
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49269

        Getting around

        20 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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