5432 State Road, Parma, OH 44134

• 3 beds |
• 2 baths

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.

Listing Status:

Active

Listing Office:

Russell Real Estate Services : 440-572-3100

Listing Agent:

Chris Kilbane : 440-915-8257

MLS ID:

5167940

Interior

• Basement: Unfinished
• A/C: Central Air
• Heating: Forced Air

Exterior

• Parking: Parking Lot

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: Parma CSD - 1824
• County: Cuyahoga

Lot

• Zoning: BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT443-30-135

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Chris Kilbane, Russell Real Estate Services