Solid, well-maintained 3-unit brick investment property located at 6448 Ridge Rd on the desirable south end of Parma. Built in 1971, this 8-bedroom building offers durable construction, functional layouts, and long-term stability in a high-demand suburban rental market. Current rents of $1,210, $1,255, and $1,017 provide immediate income, with long-term tenants in Units 1 and 2 in place since 2019. Tenants pay their own electric and gas, while the owner covers water/sewer and yard maintenance, keeping operations simple and predictable. A 3-car garage provides valuable off-street parking, supporting tenant retention and long-term desirability. Conveniently located near shopping, dining, major highways, and everyday amenities, this location consistently attracts quality tenants. A local professional property manager is currently in place and willing to remain, offering a seamless transition for out-of-area or hands-off investors. Do not disturb tenants or approach the property. Pics from before tenants moved in. Offered at $399,900, this is a stable, income-producing asset ideal for investors seeking reliable cash flow and long-term performance in one of Parma's most consistent rental corridors. ***MULTIPLE OFFERS RECEIVED***
Listed By
Agency Name: Keller Williams Living
Agency Contact: 330-990-3744
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 2,916.77 per month $2,231.89 Principal & Interest $568.50 Property Tax $116.38 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
6448 Ridge Road | MLS# 5185692
This multi-family property located at 6448 Ridge Road, Parma, OH 44129 is currently listed for sale with an asking price of $399,000. Ridge Road is located within the Parma City school district. Search Parma real estate on www.ikeyrealty.com today.