Occupied Mobile Home Park
For Sale
$395,000
2364 N Parma Road, Parma, MI 49269
MULTI_FAMILY - Parma, MI
Property SizeContact for details
Lot Size9.00 Acres
Days on Market47
Property Features for 2364 N Parma Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
AG1
Bedrooms
9
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 9
Parking
5
Parking features
Driveway
Basement
Crawl Space
Lot features
Wooded
Elementary school district
Western
Middle school district
Western
High school district
Western
Directions
South of I-94; North of Michigan Ave.
Standard status
Active
APN
000-06-25-426-003-00
Lot size
9.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04
Tax Annual Amount
3016
Legal Description
Includes 3 Lots: 000-06-25-426-003-00; 000-06-25-426-004-00; 000-06-25-476-001-04
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Well
Building Details
Year built
1970
Number of units
7
Listing Agency:
THINKING REAL ESTATE
(517) 780-3800
Listed By:
LAURA Dwyer SCHLECTE · License #6502106966
(517) 780-3830
Added: Jul 15
Changed: Jul 25
Last Checked: Aug 30 at 3:06PM
MLS# 26036238
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale investment property is a small, fully occupied mobile home park set on three separate parcels totaling approximately nine acres, with five mobile homes on site. The seller owns four of the homes and collects lot rent from the fifth. Current gross annual income is approximately $54,540, with estimated annual operating expenses of approximately $20,000 for taxes, insurance, maintenance, and repairs. The homes are approximately 30–40 years old and have been rebuilt or updated, with average to good condition and no known major deferred maintenance.
The property is supported by three wells and four septic systems. Owner-paid utilities apply to the duplex units, and the park provides convenient access to the highway and the Village of Parma.
Additional vacant acreage may offer room for future home sites or other uses, subject to municipal and zoning approval. The seller prefers owner financing through a land contract, with terms subject to negotiation and approval.
The property is supported by three wells and four septic systems. Owner-paid utilities apply to the duplex units, and the park provides convenient access to the highway and the Village of Parma.
Additional vacant acreage may offer room for future home sites or other uses, subject to municipal and zoning approval. The seller prefers owner financing through a land contract, with terms subject to negotiation and approval.
Key Highlights
- Small, fully occupied mobile home park with stable cash flow; 5 mobile homes on site
- Three separate parcels totaling approximately 9 acres, with owner ownership of 4 homes and lot rent from the 5th
- Current gross annual income approximately $54,540 with estimated annual operating expenses of about $20,000
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 49269, MI
5,874
Population
2,083
Households
2.8
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
55.8 sq mi
ZIP Area
105
Density / Sq Mi
$83,933
Median Household Income
$50,372
Median Earnings
$967
Median Rent
$200,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Small, fully occupied park with five mobile homes on approximately nine acres across three parcels.
Where is this mobile home & rv park located?
The property is located at 2364 N Parma Road Parma, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Small, fully occupied mobile home park with stable cash flow; 5 mobile homes on site; Three separate parcels totaling approximately 9 acres, with owner ownership of 4 homes and lot rent from the 5th; Current gross annual income approximately $54,540 with estimated annual operating expenses of about $20,000
