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Sold on 02/05/2025

103-121 John, Parma, MI 49269

$583,750

Last sold 02/05/2025 for $553K

  • —

    bed

  • —

    bath

  • 11,004

    Sqft ($50/Sqft)

Multi-family not for sale
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About 103-121 John

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 1.3 Acre
Movoto estimate
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.
Listed by
Listing Agent - Scott Timms
Listing Office - BNR Real Estate Group
Source: MiRealSource, Inc mls logo
MLS#70430622 • last updated 1 year ago
Movoto checked MiRealSource, Inc for data 4 minutes ago
Overview
Status Closed
Type Multi-Family
Lot Size (Acres) 1.3
Total Tax Amount 14200
Originating MLS Jackson Area Association Of REALTORS
HOA Fee 237900
Year Built 1978
Interior
# Fireplaces No
Exterior
Foundation Slab
Construction Vinyl Siding
Amenities / Utilities
Sewer/ Septic Public Sanitary
Water Public Water
Location
County Sandstone Twp (38014)
Zoning Jackson Sandstone Twp, Commercial
Multifamily Details
Total Units 12
$583K
Range: $525K-$642K
Last 30 days 
  • Nov 2024
    mls logo MLS # 70430622
  • Nov 26, 2024 Unconditional Withdrawn
    —
  • Sep 30, 2024 Keep Showing-Contgcy Appl
    —
  • Sep 12, 2024 Listed
    $550,000
  • Sep 2024
    mls logo MLS # 55024048171
  • Sep 12, 2024 Listed
    $550,000 (+34.1%)
  • May 2021
    mls logo MLS # 55202101117
  • May 7, 2021 Sold
    $410,000
  • Apr 29, 2021 Contingent - Continue To Show
    —
  • Mar 9, 2021 Listed
    $425,000
  • May 2021
    mls logo MLS # 55021095243
  • May 7, 2021 Sold
    $410,000 (-3.5%)
  • Mar 9, 2021 Listed
    $425,000
  • 103-121 John
    $553K
  • Sandstone Twp (38014)
    —
  • 49269
    $279K -1% y/y
  • Parma
    $279K +4% y/y
No chart available
Statistics calculated by Movoto

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8/10
Western High School
public Grades 9-12
Western School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Sandstone Twp (38014)

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