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. 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 Parma's most consistent rental corridors.
Listed By
Agency Name: Keller Williams Living
Agency Contact: 330-990-3744, michael@themagnogroup.com
Shown By
Agent Name: Sheena Edwards
Agent Phone: Cell: (614) 207-8278
Agency Title: Key Realty
Estimated Payment
$ 2,916.77 per month $2,231.89 Principal & Interest $568.50 Property Tax $116.38 Homeowner's Insurance
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6448 Ridge Road | MLS# 5193590
This multi-family property located at 6448 Ridge Road , Parma, OH 44129 is currently listed for sale with an asking price of $399,000. Ridge Road is located within the Parma City school district. Search Parma real estate on sheenaedwards.johnyoderteam.com today.