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0 Baths

$395,000

2364 N Parma Road, Parma MI, 49269

Price per sqftN/A
Built in1970
Property typeMulti-family
Courtesy of LAURA Dwyer SCHLECTE, THINKING REAL ESTATE

Overview

Active

Listed Jul 15, 2026

Updated Jul 21

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

$2,628/mo

Est. mortgage payment based on a $395,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26036238

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
9 Acres

Other Property Details

Taxes
$3,016
Tax Frequency
Annually
MLS provider logo

Courtesy of THINKING REAL ESTATE

The IDX display contains information sourced from the MichRIC® as of 7/21/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated 7/21/2026

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