2364 N Parma Rd, Parma MI7 photos
2364 N Parma Rd, Parma MI, photo 2
2364 N Parma Rd, Parma MI, photo 3
2364 N Parma Rd, Parma MI, photo 4
2364 N Parma Rd, Parma MI, photo 5
2364 N Parma Rd, Parma MI, photo 6
2364 N Parma Rd, Parma MI, photo 7
Owner finance

$395,000

2364 N Parma Rd

Parma, MI 49269

Beds9
Baths6
Sq ft3,808
Year built1970
Rent estimate$1,636/mo
Listed by

LAURA Dwyer SCHLECTE, THINKING REAL ESTATE · (517) 780-3830

What the listing says

Investment opportunity featuring a small, fully occupied mobile home park with stable cash flow. The property includes three separate parcels totaling approximately 9 acres, with five mobile homes on site. The seller owns four of the homes and receives lot rent from the fifth. Current gross annual income is approximately $54,540, with estimated annual operating expenses of $20,000 for taxes, insurance, maintenance, and repairs. The homes are approximately 30-40 years old, have been rebuilt or updated, and are in average to good condition with no known major deferred maintenance. Owner-paid utilities apply to the duplex units. The property is supported by three wells and four septic systems and offers convenient access to the highway and the Village of Parma. Additional vacant acreage may provide potential for future home sites or other uses, subject to municipal and zoning approval. Seller prefers owner financing through a land contract, with terms subject to negotiation and approval

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi-Family

Lot Size

392,040 sq ft

HOA

None

More owner-financed homes near Parma

Questions about owner financing in Parma

What is owner financing for 2364 N Parma Rd?

Owner financing means the seller of 2364 N Parma Rd acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Parma, MI home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Parma home?

There is no standard down payment. The seller of this Parma home sets their own, and it is negotiable. Ask the seller or their agent.

Keeps it in your Saved list.