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    7425 York Road

    Parma, OH 44130
    • $300,000
    • STATUS: Contingent
    • ON SITE: 122 days
    • MLS #: 4224144
    Under Contract
    UPDATED: 82 min ago
    $300,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,468
      SQFT
    • $46
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS.

    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.

    Monthly Payment Calculator

    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | RE/MAX Pathway are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-01-17T16:07:36.86.
    www.jessnader.com/homes/110060383
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    7425 York Road Parma, OH 44130

    • Price: $300,000
    • Status: Contingent
    • Updated: 82 min ago
    • MLS #: 4224144
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    6,468
    SQFT
    $46
    $/SQFT
    1961
    Built
    Neighborhood:
    Parma
    County:
    Cuyahoga
    Area:
    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.
    Exterior Features

    Parking Features On SiteOutsidePrivate Parking Total 18 Roof Flat

    Interior Features

    Basement YN No Building Area Total 6468 Cooling Central Air Cooling YN Yes Heating Forced AirGas Heating YN Yes

    Property Features

    Above Grade Finished Area 6468 Insurance Expense 200 Lease Considered YN No Listing Terms CashConventional Owner Pays GasSewerTrash CollectionWater Ownership Principal/Nr Property Sub Type Retail Sewer Public Sewer Tax Annual Amount 9248 Tenant Pays ElectricityGasHeatSewerTrash CollectionWater Water Sewer Expense 90 Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | RE/MAX Pathway are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-01-17T16:07:36.86.
     
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    The Jess Nader Team | RE/MAX Pathway
    2791 Cedar Hill Rd
    Cuyahoga Falls OH, 12345
    Listing courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS.