$550,000 $2,953 est/mo Sourced by Back At You
103-121 John Street , Parma, MI 49269
Parma, MI 49269
Description
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.
Details
| MLS# | 24048171 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Contingent |
| Year | 1978 |
| Days On Site | 30 |
| Listing Provided By | BNR Real Estate Group | Doug Beiswanger |
Features
| Basement | Y |
|---|---|
| Units | 12 |
| Building(s) | 3 |
| Zoning | Commercial |
| Acreage | 1.30 |
Market Activity 49269
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Learn More About This Property
| State | MI |
|---|---|
| County | Jackson |
| City | Parma |
| Zip Code | 49269 |
| Area | Jackson County JX |
| Subarea | JX |
| School District | Western |
| Listing VS Median (in 49269) | |
Price: $550,000 low | high Med: $328,650 On Site: 30 low | high Med: 141.500000 | |
Listing Updated: September 30, 2024 at 8:05:29 PM PDT