5432 State Road, Parma, OH 44134
Local realty services provided by:ERA Real Solutions Realty
Listed by: chris kilbane
Office: russell real estate services
MLS#:5167940
Source:OH_NORMLS
Price summary
- Price:$229,000
About this home
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.
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Home facts
- Year built:1930
- Listing ID #:5167940
- Added:19 day(s) ago
- Updated:November 17, 2025 at 05:36 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1930
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$229,000
- Tax amount:$3,698 (2024)
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