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.
Located in popular Western Schools and sitting on 6.68 acres, these 4 units have tons of investment potential! Each unit has 2 bedrooms/1 bathroom, a balcony, and private attached garage. All 4 units are separately metered for gas and electric and each have their own pressure tank. All 4 units come with kitchen appliances and 3 of the units have washers and dryers - the 4th has hookups. Lots of potential for future expansion with a few site plan layouts available. A step above your typical multi-unit with room to grow. Call today for your private tour!
Parma is located in Michigan. Parma, Michigan has a population of 657. Parma is more family-centric than the surrounding county with 27.23% of the households containing married families with children. The county average for households married with children is 26.21%.
The median household income in Parma, Michigan is $58,333. The median household income for the surrounding county is $49,715 compared to the national median of $57,652. The median age of people living in Parma is 38.3 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 34.6 inches per year, with 37.1 inches of snow per year.
