$235,000

5432 State Road, Parma, OH 44134

  • 3 beds |
  • 2 baths
  • Property Icon Duplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon4,988sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

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
  • Basement: Unfinished
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: Parking Lot
  • Roofing: AsphaltFiberglass
  • General: Vinyl Siding2
  • Originating MLS: NOWDD_NORM
  • School District: Parma CSD - 1824
  • County: Cuyahoga
  • Zoning: BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT443-30-135
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Chris Kilbane, Russell Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thoreau Park Elementary School

5401 W 54th St, Cleveland, OH, 44129

Grades KG-4

0.58 miles away

S

Shiloh Middle School

2303 Grantwood Dr, Cleveland, OH, 44134

Grades 5-7

1.42 miles away

P

Parma High School

6285 W 54th St, Cleveland, OH, 44129

Grades 8-12

1.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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