103-121 John Street
Parma, MI 49269
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1978 build
- – on site
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.
Last checked:
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Last updated Nov 1, 2024
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MLS# 55024048171 —
The Building
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Year Built:1978
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Construction Materials:Vinyl
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Roof Material:Composition, Other
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Foundation Details:Slab
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Accessibility Features:Accessible Entrance, Other Accessibility Features
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# of Units Total:12
Interior
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Features:Laundry Facility, Cable Available
Financial & Terms
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Land Contract:Yes
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Short Sale:No
Location
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Directions:Village of Parma, from Michigan Ave, turn S on John St (Corner of Michigan Ave and John St).
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Directions From North South Detail:Michigan Ave/John St
The Property
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Property Type:Multifamily
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Parcel Number:002073116000100
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Zoning:Other
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Lot Size Dimensions:390x145
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Lot Size Area:1.30
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Frontage Feet:535
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Waterfront:No
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (517) 914-9555
- Office phone:
- (517) 435-1500
Taxes
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Total Taxes:$14,200
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Tax Amount Summer:$14,200
Heating & Cooling
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Cooling:Window Unit(s)
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Heating:Baseboard, Forced Air
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Heating Fuel:Electric, Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary)
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Water Source:Public (Municipal)
Appliances
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Laundry Facilities:Yes
Schools
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School District:Western
Parking
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Total Parking:30
Extra Units
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Unit Count:12
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Unit Two Bed Number Of:1
IDX provided courtesy of Realcomp II Ltd., via Estately and Jackson Area Association of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/30/24
Sep 30, 2024
|
Sold Subject To Contingencies | REALCOMP | $550,000 | |
|
9/12/24
Sep 12, 2024
|
Listed / Active | REALCOMP | $550,000 | 34.1% (10.2% / YR) |
|
5/7/21
May 7, 2021
|
REALCOMP | $410,000 |
