Parma MI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 284385
View additional info
Courtesy: Exit Great Lakes Realty
517-543-1202
ADDITIONAL INFORMATION
Your very own income property! This updated 2-unit duplex sits on a prime corner in Parma. Each unit offers 2 bedrooms, 1 bull bath and 1100 sq ft. Many updates (2015-2021) high efficinecy furnaces, and a new roof with architectural shingles. (2022-2024) New flooring throughout and paint. Both units have front and back entries, plus dedicated tenant parking on a triangle lot. Ready for renters.
$550,000
Address not provided Parma, MI 49269
- Type:
- Multi-Family
- Sq.Ft.:
- 11,004
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.3 Acres
- Year built:
- 1978
- Baths:
- MLS#:
- 70430622
ADDITIONAL INFORMATION
Located in popular Western School District, this 12 unit property is available for its new owner operator. Current CAP Rate approx. 11%. Growth potential to drive CAP Rate higher. Each building provides four units. Each unit provides living room, kitchen with appliances, two bedrooms, and one bathroom. Ample parking space for all tenants. 8 units updated in the last year. Large yard area for entertaining. Property offers easy access for eastbound and westbound commuters.
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Parma Real Estate
The median home value in Parma, MI is $250,000. This is higher than the county median home value of $182,600. The national median home value is $338,100. The average price of homes sold in Parma, MI is $250,000. Approximately 66.94% of Parma homes are owned, compared to 21.9% rented, while 11.16% are vacant. Parma 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 Parma real estate agent to arrange a tour today!
Parma, Michigan has a population of 588. Parma is less family-centric than the surrounding county with 21.15% of the households containing married families with children. The county average for households married with children is 23.79%.
The median household income in Parma, Michigan is $64,267. The median household income for the surrounding county is $57,746 compared to the national median of $69,021. The median age of people living in Parma is 39 years.
Parma Weather
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 34.3 inches per year, with 42.2 inches of snow per year.