5767 Ridge Road
Parma, OH 44129
$395,000
7 Total Photos [Click to View All]
Listing Details
- $395,000
- MLS# 5187728
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
This mixed-use building offers a compelling investment with three ground-floor commercial units and three upstairs apartments. The three residential units are currently tenanted, providing immediate cash flow, but all rents (commercial and residential) are below market rate, presenting an immediate upside. A key value-add opportunity is the seller's current occupancy of one apartment and two retail units. Upon closing, a new owner can immediately lease these three spaces at market rates, substantially increasing the Gross Potential Income (GPI). Furthermore, a third retail unit, currently used for low-yield storage (historically a bakery),...read more
Features
- Forced Air, Gas
- $6,109 / year Taxes
- Public
- Built in 1944
Gallery
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Listed By
Agency Name: Russell Real Estate Services
Agency Contact: rfarina555@gmail.com, 216-870-3210
Shown By
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
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