Parma MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.08 Acres
Year built:
1900
Baths:
MLS#:
284385

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.

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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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

The information being provided on this website is for 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. Use of data on this site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater Lansing Association of REALTORS®. Real estate listings held by brokerage firms other than Xome Inc. are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Copyright 2024, Greater Lansing Association of REALTORS®. All rights reserved.
Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Parma Real Estate

The median home value in Parma, MI is $280,000. 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 $280,000. 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.

Parma Real Estate Market Conditions

  • Median sales price

    $280,000
    16.2% change since last quarter
  • # Active listings

    42
    30-day change

Parma Schools and Demographics

Education near Parma, MI

Metric City County
High School Graduates 90.05 91.84
College Degree - 2 year 9.24 10.75
College Degree - 4 year 19.43 22.61
Graduate Degree 5.45 6.08
Expenditures per Student 13,058 13,058
Students per Teacher 17.8 17.8

Elementary Schools near Parma, MI

School Grades Students P/T Ratio ZIP
Albion Community School PK - 08 543 16.1 49224
Bean Elementary School KG - 05 448 22.8 49283
Concord Elementary School KG - 05 284 16.2 49237
Parma Elementary School PK - 05 414 19.1 49269
Springport Elementary School KG - 05 432 18 49284
Warner Elementary School KG - 05 406 21.8 49283

Middle Schools near Parma, MI

School Grades Students P/T Ratio ZIP
Albion High School 07 - 08 256 10.1 49224
Concord Middle School 06 - 08 181 20.1 49237
Springport Middle School 06 - 08 238 18.4 49284
Western Middle School 06 - 08 665 17.5 49269

High Schools near Parma, MI

School Grades Students P/T Ratio ZIP
Concord High School 09 - 12 255 20.6 49237
Springport High School 09 - 12 285 17.7 49284
Western High School 09 - 12 891 20.2 49269

Ungraded Schools near Parma, MI

School Grades Students P/T Ratio ZIP
* Marshall Alternative High School 09 - 12 106 15.4 49224
Starr Commonwealth for Boys 06 - 12 108 9.2 49224

Demographics near Parma, MI

Metric City County
Neighborhood Type Small town
Population 588 160,765
Population Density 560 229
Median Age 39 41.5
People per Household 2.7 2.5
Median Household Income 64,267 57,746
Average Income per Capita 27,626 30,987