7425 York Road, Parma, OH 44130

$300,000
6,468
SqFt
List Price
$300,000
Status
ACTIVE
Stories
1
MLS#
YES-MLS-4224144
Year Built
1961
Living Area
6,468
Region
Parma

Property Description

Turnkey commercial cash flow, about 12% CAP rate at list price. High-visibility and demand with long-term, stable tenants, gross rents about $4000/mo when all 4/5 units occupied with annual expenses of only $4500/year (plus property taxes). Tenants pay their own utilities, plus snow removal (split between tenants as a CAM charge). Well maintained brick building, located near the community college campus. Plenty of parking with good signage. 2/3 units vacant, move your business in and rent the other units! Roof tune-up done Sept 2019, 10 year warranty for any leaks from licensed roofing contractor. Pizza Shop $1580/mo with a lease through Jan 2021, Hair Salon $950 with a lease through Nov 2020. Currently divided into 5 units, but could be 4. Past tenants included barber shop, convenience store, dentist, security store. Many uses for these spaces.

Additional Information

Taxes
$9,248
Acres
0.45
Sewer
Public Sewer
Roof
Flat
Water
Public
Heating
Forced Air, Gas
Cooling
Central Air

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Century 21 HomeStar.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2020 Northeast Ohio Real Estate Exchange (NEOHREX). All Rights Reserved.