Don't miss the opportunity to own this 6 Unit Muiti-family building in a prime location for rental income! Located in Parma, Ohio -10 minutes from Downtown Cleveland, great neighborhood for renters, low maintenance building with brick exterior and recently updated driveway and parking pad. Basement with coin laundry for additional income. Great rental income growth potential verse comparables in area! All units have been maintained by the current owner. Professionally cleaned/painted after each tenant. Updated electrical boxes, hot water tank, double pane windows, and appliances upgraded between tenants. Very low vacancy rate! This is a gem for any investor! Unit Mix: 5 - Units- l Bedroom, l Bath, approx. 500 sq ft. l Unit - Efficiency, 1 Bath, approx. 350 sq ft. Owner pays common area gas & electric, pays all water, sewer, garbage, and snow removal. Charges pet fees and coin laundry.
Parma Circle, located between Ridge Road and State Road, is a residential and civic Parma neighborhood with mid-century ranch streetscapes and a compact commercial core. The neighborhood’s character concentrates at the Ridge Rd–State Rd junction, where storefronts, patios, and steady foot traffic frame the Circle’s everyday rhythm. Community pillars include the Parma Branch of Cuyahoga County Public Library, the Parma-Snow Branch of Cuyahoga County Public Library, and the nearby Parma Little Theatre. Housing mixes brick capes and split-levels with tidy lawns and mature trees. Green breaks come via nearby parks and trail corridors that soften the busy arterials. Side streets stay calm while the Circle keeps errands and culture close at hand.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Common basement with concrete construction
Bedrooms
Multiple one-bedroom units (several units listed as 1 bedroom; some described as month-to-month)
One efficiency-style unit (listed as 1 bedroom in data)
Bathrooms
Six full bathrooms total across the property
Each unit includes a full bath (per unit info)
Kitchen
Ranges (stoves) in units
Dishwashers in units
Refrigerators in units
Laundry & utility
Shared laundry in common area located in the basement
Washer and dryer included in building
Heating & cooling
Heating available
Forced air and gas heating
Hot water and steam heating systems
Exterior features
Asphalt common parking
Lot is approximately 0.177 acres
Home design
3-story building
Brick construction
Composition and flat roof
Parking
Common asphalt parking
Construction
Brick construction
Composition and flat roof
Utilities
Public water
Public sewer
Financial info
Owner pays common area maintenance, insurance, repairs, snow removal, taxes, and trash collection
Tenants pay all utilities and internet
Multiple income units with current rents: typical 1-bed units around $615–$725 and an efficiency at $525 (individual unit rents shown as $715, $620, $725, $525)
Other
Building contains 1 building
Above-grade finished area reported as 4,386 (source: public records)
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Parma, OH • 44129
Average low and high temperatures (°F)
29
16
36
23
55
35
64
44
67
51
81
63
85
68
81
64
78
59
66
48
51
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6118 Ridge Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $240,000 and $375,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $240K to $375K.