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Backup Offers

103-121 John St, Parma, MI, 49269

$550,000

Home List Price

$6,531*

Closing Credit

0 Baths
Multi

Location

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103-121 John St, Parma$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1978
HeatingElectric, Natural Gas, Baseboard, Forced Air
CoolingWindow Unit(s)
MLS #55024048171
Lot Size1.30 Acres
StatusAccepting Backup Offers
(Contingent - Continue To Show)

About 103-121 John St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1978

Listing Office:

  • Office Name: BNR Real Estate Group
  • Office Phone: (517) 435-1500
  • Listing Agent: Doug Beiswanger

Interior Features

Interior Information:

  • Interior: Laundry Facility, Cable Available

Lot Features

Lot Information:

  • Lot Size: 1.30 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas, Baseboard, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
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Housing Market Comparison

See how this home compares to others in Parma, MI.

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Parma, MI

City

Med. Sold Price

$205.4K

Med. Price/SqFt

$135

Avg. Days On Market

89

# of Sold Homes

6

103-121 John St vs Parma

63 DAYS ON ROCKET

-26 Days

$550,000

+$344.5K More

KEY TAKEAWAY

This property is $344.5K more than the Median Sold Price in Parma, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Jackson Area Association of REALTORS®
  • MLS Number: #55024048171

Listing Office:

  • Office Name: BNR Real Estate Group
  • Office Phone: (517) 435-1500
  • Listing Agent: Doug Beiswanger

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-148373
8
/10

  • Parma Elementary School

  • 385 Elizabeth St

  • 0.10 miles

  • Public District Grades PK-5

school-card-donut-148374
5
/10

  • Warner Elementary School

  • 118 Star Rd

  • 4.13 miles

  • Public District Grades KG-5

school-card-donut-148375
7
/10

  • Bean Elementary School

  • 3201 Noble Rd

  • 4.29 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,640. Most Parma, MI residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Jackson County›Parma›49269›103-121 John St

This home is located at 103-121 John St in Parma, MI and zip code 49269. This home, which was built in 1978, sits on a 1.30 acre lot. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $550,000.

While more than 1 listings in Parma, MI in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below. In October 2024 in Parma, MI there were 14.3% more homes for sale than in September 2024. In October 2024 median list price was $205,490 and the average listing age was 89 days.

From Rocket Homes Real Estate and based on county public records data.

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