Description
Don't miss the opportunity to own this 6 Unit Muiti-family building in a prime location for rental income! Located in Parma, Ohio -10 minutes from Downtown Cleveland, great neighborhood for renters, low maintenance building with brick exterior and recently updated driveway and parking pad. Basement with coin laundry for additional income. Great rental income growth potential verse comparables in area! All units have been maintained by the current owner. Professionally cleaned/painted after each tenant. Updated electrical boxes, hot water tank, double pane windows, and appliances upgraded between tenants. Very low vacancy rate! This is a gem for any investor! Unit Mix: 5 - Units- l Bedroom, l Bath, approx. 500 sq ft. l Unit - Efficiency, 1 Bath, approx. 350 sq ft. Owner pays common area gas & electric, pays all water, sewer, garbage, and snow removal. Charges pet fees and coin laundry.
Details
| MLS # | 5206072 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1945 |
| Days On Site | 153 |
| Listing Provided By | Century 21 Homestar | Halle C Rahz |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,386 |
| Basement | Y |
| Story(s) | 3 |
| Building(s) | 1 |
| Acreage | 0.18 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Asphalt, Common |
Taxes
| Tax Annual Amount | 8516 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Parma |
| Zip Code | 44129 |
| Listing VS Median (in 44129) | |
Price: $560,000 low | high Med: $225,000 sqft: 4,386 low | high Med: 1,215 $ / sqft: $128 low | high Med: $185 On site: 153 low | high Med: 42 | |
Market Activity 44129
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Parma |
| Zip Code | 44129 |
| Listing VS Median (in 44129) | |
Price: $560,000 low | high Med: $225,000 sqft: 4,386 low | high Med: 1,215 $ / sqft: $128 low | high Med: $185 On site: 153 low | high Med: 42 | |