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103-121 John ST Parma, MI 49269
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 11,004 sqft
Price per Sqft $50
MLS Listing ID 55024048171
Sold Date 03/07/25
Year Built 1978
Lot Size 1.300 Acres
Acres 1.3
Property Sub-Type MultiFamily
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 Area12071Sandstonetwp
Interior
Heating Baseboard, Electric, ForcedAir, NaturalGas
Cooling WindowUnits
Fireplace No
Laundry InUnit
Exterior
Parking Features Gravel
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition, Other
Building
Lot Description Level
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Western
School District Western
Others
Acceptable Financing Cash, Contract, Conventional, Trade1031Exchange
Listing Terms Cash, Contract, Conventional, Trade1031Exchange
Special Listing Condition Standard
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Bought with BNR Real Estate Group
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