5223 52 St Parma, OH 44134
- Commercial real estate
- 1,728 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5223 52 St
- Year built
- 1923
- Property size
- 1,728 SF
- Property type
- Commercial real estate
Description
This charming 2-unit apartment building, located at 5223 W 52nd St in Parma, Ohio, presents a fantastic investment opportunity. Built in 1923 and extensively renovated in 2019, this Class B property boasts 1,728 square feet of living space. Currently 100% occupied, the building generates a consistent monthly income of $1,500, with each unit commanding a $775 monthly rent on a month-to-month lease. Tenants are responsible for gas, electric, and two-thirds of the sewer/water bills. Significant updates include a new roof (installed in 2018) and a new HVAC system (installed in 2019), minimizing future maintenance concerns. The property is situated in Cuyahoga County, Ohio, with the zip code 44134. This turnkey investment offers immediate cash flow and the potential for future appreciation in a desirable location. The asking price for this well-maintained property is $250,000. This is a rare opportunity to acquire a stable, income-producing asset in a thriving Ohio market. Don't miss out on this exceptional investment prospect.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7213685
- Latitude
- 41.4180442
