Parchment MI Multi Family for Sale
$1,950,000
Address not provided Parchment, MI 49004
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.86 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 70439124
ADDITIONAL INFORMATION
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.
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Parchment Real Estate
The median home value in Parchment, MI is $256,000. This is higher than the county median home value of $231,100. The national median home value is $338,100. The average price of homes sold in Parchment, MI is $256,000. Approximately 54.13% of Parchment homes are owned, compared to 34.64% rented, while 11.23% are vacant. Parchment real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Parchment real estate agent to arrange a tour today!
Parchment, Michigan has a population of 1,884. Parchment is less family-centric than the surrounding county with 28.3% of the households containing married families with children. The county average for households married with children is 30.73%.
The median household income in Parchment, Michigan is $56,300. The median household income for the surrounding county is $61,739 compared to the national median of $69,021. The median age of people living in Parchment is 34.6 years.
Parchment Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 36.3 inches per year, with 62 inches of snow per year.