5432 State Road, Parma, OH 44134

$210,000

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List Price
$210,000
Status
PENDING
Days on Market
289
Price Change
▼ $5,000 1766537749
MLS#
5164838
Subtype
Commercial Sale
Year Built
1930
Acres
0.11
Subdivision
George Blake
Neighborhood
George Blake
MLS Area Major
Parma

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.

Additional Information

Taxes
$3,698
Heating
Forced Air
Air Conditioning
Central Air
Roof
Asphalt, Fiberglass
Parking Features
Parking Lot
School District
Parma CSD - 1824

Listing Courtesy of: Chris Kilbane, chriskilbanesells@gmail.com With Russell Real Estate Services

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