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Michigan Ave, Parma, MI 49249

Multi-Family Home For Sale

Michigan Ave, Parma, MI 49249 House For Sale
$259,900
Multi-Family
5+ Family
7
This listing is courtesy of Key Realty One.

Property Description for Michigan Ave, Parma, MI 49249

EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!

Interior Details

4,000 sq. ft.
$64.98/sq. ft.
Septic
Well

Exterior Details

1.37 acres
59,677 sq. ft.

Other Details

55201804367
1974
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Town Description

Parma was originally located a few miles east of its current location along the Michigan Central Railroad at a stop known as Gidley's Station. When it was moved to its current location, it was known...

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