103 121 John Street
Parma, MI 49269
- – beds
- – baths
- 11,004 sqft
- ~1 acre lot
- $50 per sqft
- 1978 build
- – on site
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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 Mar 10, 2025
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MLS# 55024048171 —
The Building
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Year Built:1978
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Construction Materials:VinylSiding
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Roof:Composition, Other
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Foundation Details:Slab
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Accessibility Features:AccessibleEntrance, OtherAccessibilityFeatures
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Building Area Total:11004.0
Interior
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Laundry Features:InUnit
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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Cross Street:Michigan Ave/John St
The Property
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Parcel Number:002073116000100
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Features:Level
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Lot Size Acres:1.3
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Lot Size Area:56628.0
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Lot Size Dimensions:390x145
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Lot Size Units:SquareFeet
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Zoning Description:Other
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Road Frontage Feet:535
Listing Agent
- Contact info:
- Agent phone:
- (517) 817-9517
- Office phone:
- (517) 435-1500
Taxes
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Tax Legal Description:002-07-31-160-001-00, 002-07-31-160-002-00, 002-07-31-160-015-00. Village of Parma, Sandstone Township, Jackson County.
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Tax Assessed Value:237900
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Tax Annual Amount:14200.0
Heating & Cooling
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Heating:Baseboard, Electric, ForcedAir, NaturalGas
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Utilities:ElectricityConnected, NaturalGasConnected
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Western
The Community
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Waterfront:false
Parking
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Parking Total:30.0
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Parking Features:Gravel
IDX provided courtesy of Realcomp II Ltd., via Estately and Jackson Area Association of REALTORS, © 2025 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. ©2025 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 |
|---|---|---|---|---|
|
3/7/25
Mar 7, 2025
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Sold | REALCOMP | $553,000 | 0.5% |
|
3/6/25
Mar 6, 2025
|
Pending | REALCOMP | $550,000 | 34.1% (8.9% / YR) |
|
5/7/21
May 7, 2021
|
REALCOMP | $410,000 |
