Parma, MI 49269,103-121 John Street
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Parma, MI 49269,103-121 John Street
Parma, MI 49269,103-121 John Street
Parma, MI 49269,103-121 John Street
Parma, MI 49269,103-121 John Street
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$ 550,000
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Active Under Contract

103-121 John Street Parma, MI 49269

1.3 Acres Lot


UPDATED:

09/30/2024 11:53 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active Under Contract

Purchase Type For Sale

Municipality Sandstone Twp

MLS Listing ID 24048171

Year Built 1978

Annual Tax Amount $14,200

Tax Year 2024

Lot Size 1.300 Acres

Acres 1.3

Lot Dimensions 390x145

Property 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.

Location

State MI

County Jackson

Area Jackson County - Jx

Direction Village of Parma, from Michigan Ave, turn S on John St (Corner of Michigan Ave and John St).

Rooms

Basement Slab

Interior

Heating Baseboard, Forced Air

Cooling Window Unit(s)

Fireplaces Number 3

Laundry In Unit

Exterior

Garage Driveway, Gravel

Utilities Available Cable Available, Natural Gas Connected, Electricity Connected

Waterfront No

View Y/N No

Roof Type Other,Composition

Street Surface Paved

Handicap Access No Step Entrance

Total Parking Spaces 30

Building

Lot Description Level

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Western

Others

Tax ID 002-07-31-160-001-00

Acceptable Financing Cash, Conventional, Contract, Tax Def Exchange

Listing Terms Cash, Conventional, Contract, Tax Def Exchange


Listed by BNR Real Estate Group

Karen Austin

Broker Associate

+1(517) 290-4493

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103-121 John Street