Parchment, MI homes for sale & real estate

Parchment, MI Homes for Sale

Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15,000 a month. Market rents are around $18,000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recentlyrenovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!

Parchment, MI Homes for Sale

This is an opportunity to ''construct/placement of a new principal building'', single family home, that has an existing 34' x 30', vinyl clad garage of pole barn construction the property. It offers 3, 8'overhead doors & a service door. Ceiling height is 9'. City water & sewer, as well as natural gas & electricity are available at the street. The time frame for construction & certificate of occupancy of a new home is July 10, 2025. A little history: There was a residence on the property that sustained damage in 2014. It was eventually demolished. This is in effect the size of a 4 car garage. Doublewide homes are a possibility. Building authority is KABA - Mike Alwine