5223 52Nd StParma, OH 44134

For Sale
$250,000

Historic Charm, Updated 2-Unit Building

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Highlights

  • $250,000 asking price for a Class B multifamily property.
  • Two-unit apartment building totaling 1,728 square feet.
  • Located at 5223 W 52nd St, Parma, OH 44134.
  • Built in 1923, renovated in 2019 (roof and HVAC).
  • 100% occupied with month-to-month leases generating $1,500 monthly income.

Property Details for 5223 52Nd St

Property type
Multifamily properties, Apartment buildings
Square Feet
1,728 SF
Class
B
Year Built/Renovated
1923/2019
Units
2

Location Insight

City
Parma
County
Cuyahoga
State
Ohio
Latitude
41.4180442
Longitude
-81.7213685
5223 52Nd St, Parma, Ohio

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5223 52Nd St
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