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2364 N Parma Road, 
Parma, MI 49269

$395,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Laura Dwyer Schlecte

Thinking Real Estate

517-780-3800

Last updated:

August 22, 2026, 03:37 PM

MLS#

26036238

Source:

MI MICHRIC

Source MLS Verified

About This Home

2364 N Parma Road

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

Home Facts

Multi-Family

Built in 1970

Price Summary

395,000

MLS #:

26036238

Last Updated:

August 22, 2026, 03:37 PM

Added:

a month ago


Structure

Structure

Year Built:

1970


Lot

Lot Size (Sq. Ft):

392,040


Finances & Disclosures

Finances

Price:

$395,000

Source:MI MICHRIC
The information being provided by Michigan Regional Information Center is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Michigan Regional Information Center All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.