$550,000
103-121 John Street
Parma, MI, 49269
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.
Property Details
Price:
$550,000
MLS #:
24048171
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
103-121 John Street
Type:
Single Family
Subtype:
5+ Units
City:
Parma
Listed Date:
Sep 12, 2024
State:
MI
ZIP:
49269
Lot Size:
56,628 sqft / 1.30 acres (approx)
Year Built:
1978
Schools
School District:
Western
Interior
Cooling
Window Unit(s)
Fireplaces Total
3
Heating
Baseboard, Forced Air
Laundry Features
In Unit
Exterior
Construction Materials
Vinyl Siding
Parking Features
Driveway, Gravel
Parking Spots
30
Roof
Other, Composition
Financial
Tax Year
2024
Taxes
$14,200
Mortgage Calculator
Map
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