41
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$235,000
Est. payment /mo
4,987 Sqft Lot
Active
5432 State RD Parma, OH 44134
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision George Blake
MLS Listing ID 5164838
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,698
Tax Year 2024
Lot Size 4,987 Sqft
Acres 0.1145
Property Sub-Type Mixed Use
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.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Mixed Use
Building
Sewer Public Sewer
Water Public
Schools
School District Parma Csd - 1824
Others
Tax ID 443-30-135
Listed by Chris Kilbane • Russell Real Estate Services • chriskilbanesells@gmail.com, 440-915-8257
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