Michigan Ave Parma, MI 49269
(B) Single-Family Residential District (RS-1). This District is designed to provide residential areas principally for moderate densities where necessary urban services and facilities, including central sewerage and water supply systems can be feasibly provided. (1) Permitted uses. (a) Single-family detached dwellings. (b) On-site signs, only in accordance wi…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RS-1 · Parma, MI(B) Single-Family Residential District (RS-1). This District is designed to provide residential areas principally for moderate densities where necessary urban services and facilities, including central sewerage and water supply systems can be feasibly provided. (1) Permitted uses. (a) Single-family detached dwellings. (b) On-site signs, only in accordance with the regulations in §§ 152.110 through 152.122. (c) Essential public services. (d) Accessory buildings, structures, and uses, in accordance with § 152.030. (e) Adult foster care family home (six or fewer adults being fostered 24 hours per day), foster family home (four or fewer foster-children 24 hours per day), foster family group home (five to six foster-children 24 hours per day), licensed by the Michigan Department of Human Services or its successor. (f) Home occupations in accordance with the regulations in § 152.070. (g) Sale of agricultural products, raised or grown on the lot, including roadside stands for the sales. (h) Public and private open space. (2) Special uses. (a) Country clubs, recreation centers, public swimming pools, parks, playgrounds, and playfields. (b) Churches and other buildings for religious worship. (c) Public and private elementary and secondary non-profit schools. (d) Essential service structures of a non-industrial character. (e) Government or community-owned buildings. (f) Golf courses, but not including golf driving ranges and miniature golf courses. (g) Bed and breakfast operations in accordance with § 152.086, below. (h) Group day-care homes (seven to 12 children less than 24 hours per day), subject to the conditions in § 152.077, below. (i) Child care centers, subject to the conditions in § 152.077, below. (3) Area, yard, height and bulk regulations. See Appendix A. (C) Multiple-Family Residential District (RM-1): This District is designated to permit a high density of population and a high intensity of land use in those areas which are served by a central sanitary sewerage system, and which abut or are adjacent to such other uses or amenities which support, complement, or serve such a density and intensity. (1) Permitted uses. (a) Multiple-family dwellings. (b) Two-family dwellings. (c) On-site signs in accordance with regulations in §§ 152.110 through 152.122, below. (d) Essential services. (e) Accessory uses or structures in accordance with regulations in § 152.030.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.