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5432 State Road, Parma, OH 44134

$210,000
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Pending
BEDS3 BATHS2 full MLS#5167940
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGeorge Blake SCHOOLParma City

Property Description

Introducing a rare investment opportunity in a thriving community! This mixed-use property in Parma features a hair and nail salon on the ground floor, along with a spacious three-bedroom apartment above. This unique property combines the benefits of a stable commercial tenant with the potential for reliable residential rental income. The recently renovated hair and nail salon has just signed a two-year lease ($1200 a month), ensuring a consistent income stream for the new owner. The attractive storefront and prime location offer excellent visibility and foot traffic, contributing to the ongoing success of the business. The second floor is home to a beautifully maintained three-bedroom apartment, providing ample space and modern amenities for tenants and recently updated through out. With a spacious living area, well-appointed kitchen, and generous bedrooms, this apartment offers comfortable living in a convenient location. Investors seeking a diversified revenue stream and a prime location in a bustling neighborhood. Take advantage of the stable commercial tenant, the updated residential unit, and the property's excellent visibility to secure a strong return on your investment.

5432 State Road | MLS# 5167940

This multi-family property located at 5432 State Road, Parma, OH 44134 is currently listed for sale with an asking price of $210,000. State Road is located within the Parma City school district. Search Parma real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,698 / year
Year Built: 1930

Feature Descriptions

Days on Site: 275
Exterior: Vinyl Siding
Parcel#: 443-30-135
Parking: Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Parma City

Listed By / Shown By

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: chriskilbanesells@gmail.com, 440-915-8257

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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Estimated Payment

$ 1,544.10 per month $1,174.68 Principal & Interest $308.17 Property Tax $61.25 Homeowner's Insurance

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