Listed By
Agency Name: Russell Real Estate Services
Agency Contact: chriskilbanesells@gmail.com, 440-915-8257
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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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.
Source: US Census Bureau
Estimated Payment
$ 1,436.82 per month $1,067.40 Principal & Interest $308.17 Property Tax $61.25 Homeowner's Insurance
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 251danielburnhamsquareunitunit259.cutlerhomes.com today.