6448 Ridge Road
Parma, OH 44129

Listed at $399,000

Details

  • MLS# 5185692
  • Multi Unit - Multiple
  • Status Pending
  • 8 Bedrooms
  • 3 full 2 partial Bathrooms
  • 4,000 Square Feet
  • 0.166 acres
  • Built in 1978
  • Parma City Local Schools
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Description

Solid, well-maintained 3-unit brick investment property located at 6448 Ridge Rd on the desirable south end of Parma. Built in 1971, this 8-bedroom building offers durable construction, functional layouts, and long-term stability in a high-demand suburban rental market. Current rents of $1,210, $1,255, and $1,017 provide immediate income, with long-term tenants in Units 1 and 2 in place since 2019. Tenants pay their own electric and gas, while the owner covers water/sewer and yard maintenance, keeping operations simple and predictable. A 3-car garage provides valuable off-street parking, supporting tenant retention and long-term desirability....read more Conveniently located near shopping, dining, major highways, and everyday amenities, this location consistently attracts quality tenants. A local professional property manager is currently in place and willing to remain, offering a seamless transition for out-of-area or hands-off investors. Do not disturb tenants or approach the property. Pics from before tenants moved in. Offered at $399,900, this is a stable, income-producing asset ideal for investors seeking reliable cash flow and long-term performance in one of Parmas most consistent rental corridors. ***MULTIPLE OFFERS RECEIVED***

Features

  • Central Air
  • Forced Air, Gas
  • 3.0 Stories
  • $6,822 / year Taxes
  • Public
  • Built in 1978
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Accessibility: None
  • Basement: None
  • Cooling: Central Air
  • Days on Site: 29
  • Exterior: Brick
  • Garage: 3
  • Heating: Forced Air, Gas
  • Lot Description: Wooded
  • Lot Size: 0.17 Acres
  • Parcel#: 449-19-044
  • Parking: Detached, Garage, Paved
  • Roof Type: Asphalt, Fiberglass
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $6,822 / year
  • Water: Public
  • Year Built: 1978