6814-6816 Bradley AvenueParma, OH 44129

6814-6816 Bradley AvenueParma, OH 44129

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$223,900 Active
Multi Unit - Multiple MLS 5194944 New to the Market

Listed By

Agency Name: Home Equity Realty Group
Agency Contact: Garrett.Rowan@HEQRealty.com; 803-992-1429

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Strong investment opportunity in a desirable Parma neighborhood known for consistent rental demand and long-term appreciation. This fully renovated duplex is fully occupied with long term tenants and generating $1,955 per month in rental income, providing immediate, stable cash flow from day one. The property was taken down to the studs by the current owner and features all new interior finishes along with updated mechanicals, electrical, and plumbing systems, minimizing deferred maintenance concerns. There is also clear upside with for rent increases, along with additional value-add potential from the partially finished third floor to expand bedroom count to capture even higher rents in the upper unit and overall property value. Located in a strong rental area with convenient access to shopping, dining, and major highways. Seller is highly motivated and willing to offer concessions toward buyer closing costs or rate buydown. Ideal for investors looking to acquire a turn-key asset with built-in upside.

6814-6816 Bradley Avenue | MLS# 5194944

This multi-family property located at 6814-6816 Bradley Avenue, Parma, OH 44129 is currently listed for sale with an asking price of $223,900. 6814-6816 Bradley Avenue is located within the Parma City school district. Search Parma real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Concrete
Basement: Yes
Cooling: Central Air
Garage: 2
Heating: Forced Air
Lot Size: 0.13 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $3,525 / year
Year Built: 1931

Feature Descriptions

Exterior: Aluminum Siding
Parcel#: 443-20-093
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Parma City

Demographics

Cuyahoga County Demographic Information for 6814-6816 Bradley Avenue, Parma, OH 44129
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,451.46 per month $1,092.41 Principal & Interest $293.75 Property Tax $65.30 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage