6423 Ridge Road

Parma, OH 44129

$409,000
Last Sold Price
11
Beds
5,742 Sq. Ft.
$71 / Sq. Ft.
5,742
Sq. Ft.
$71
per Sq. Ft.
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Closed 7/31/19
Closed 7/31/19

Description

Become a landlord with this beautifully maintained turnkey investment! This owner immaculately maintains and keeps up with all issues and preventative maintenance as needed in the 34 years of ownership. Units are 100 percent rented with carefully screened tenants that are very good about payment and care of the property. Beautifully landscaped and well kept. All details of the property of each unit and interior and exterior of building are in supplements as too much to list in this area. Priced at...Become a landlord with this beautifully maintained turnkey investment! This owner immaculately maintains and keeps up with all issues and preventative maintenance as needed in the 34 years of ownership. Units are 100 percent rented with carefully screened tenants that are very good about payment and care of the property. Beautifully landscaped and well kept. All details of the property of each unit and interior and exterior of building are in supplements as too much to list in this area. Priced at $71.22 a square foot, and better than 8% cap rate makes this a great investment compared to the Parma average cap rate of 7.74%. Call your favorite Realtor today to see your future investment potential! Let your investment make a great return in the purchase of this property.
  1. Listed by Brian K Pruden • RE/MAX Omega
    P: (330)-347-5464 C: (330)-347-5464 rapruden@earthlink.net

Property Details for 6423 Ridge Road

Subdivision Name
Ridgewood 06
LISTING CLOSED: 07/31/2019 12:00 AM

Property Details for 6423 Ridge Road

StatusClosed
MLS #4103418
Days on Market9
Taxes$5,792 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1954
Lot Size0.34 AC / 15,002 SF
CountyCuyahoga County
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Location

Listing Courtesy of RE/MAX Omega

Sold By CENTURY 21 DePiero & Associate

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Building Information for 6423 Ridge Road

Stories3Residences6Year Built1954Building Size-Lot Size0.34 AC / 15,002 SF

Payment Calculator

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$2,521 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,038

Property Taxes

$483

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6423 Ridge Road

Summary
Location and General Information
  • Directions: RIDGE ROAD NORTH OF RIDGEWOOD DRIVE
  • Latitude: 41.389296
  • Longitude: -81.734163
  • Township: Parma
Taxes and HOA
  • Parcel Number: 448-17-011
  • Tax Annual Amount: $5,792.00
  • Tax Legal Description: 20 RDGW#6 S/L 4480ALL4479 ALL 44817012
School Information
  • Elementary School District: Parma CSD - 1824
  • High School District: Parma CSD - 1824
  • Middle or Junior School District: Parma CSD - 1824
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 6.0
  • Garage: Yes
  • Parking Features: Assigned, Garage, Garage Door Opener, Paved
Property
Lot Information
  • Direction Faces: West
  • Lot Size Acres: 0.3444
  • Lot Size Area: 0.3444
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 5742.0
  • Above Grade Finished Area Source: Assessor
  • Building Area Total: 5742.0
  • Living Area: 5742.0
  • Year Built: 1954
Building Features
  • Construction Materials: Brick
  • Levels: Three Or More
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
  • Basement: None
  • Has Basement: No
  • Full Bathrooms: 6
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 6
  • Total Bedrooms: 11
  • Cooling: Central Air, Wall Units
  • Has Cooling: Yes
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 0
  • Total Rooms: 29
  • Security Features: Smoke Detectors
Exterior Features
  • Community Features: Golf, Laundry Facilities, Medical Service, Playground, Shopping
  • Fencing: Partial, Privacy
  • Roof: Asphalt, Fiberglass
  • Stories: 3
Multi Family
Multi Family Information
  • Total Number of Units: 6
Unit Information
Unit 1
  • Actual Rent: $610.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 3
Unit 2
  • Actual Rent: $660.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 2
Unit 3
  • Actual Rent: $520.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Rental
Rent Information
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Heat

Property History for 6423 Ridge Road

DateEvent & SourcePriceAppreciation
Jul 31, 2019

Sold

MLS Now #4103418

$409,000—
Jul 30, 2019

Sold (Public Record)

Public Record #650455883

$409,000—
Jun 19, 2019

Contract Signed

MLS Now #4103418

—
DateEvent & SourcePrice
07/31/2019

Sold

MLS Now #4103418

$409,000
07/30/2019

Sold (Public Record)

Public Record #650455883

$409,000
06/19/2019

Contract Signed

MLS Now #4103418

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 6423 Ridge Road

Taxable ValueLand$21,000Additions$110,780Total$131,780
Tax Record2025$10,184 ($849 / month)
Home Facts
Baths6Total Finished SqFt5,742 SqFtAbove Grade Finished SqFt5,742 SqFtStories3Lot Size15,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1977ZoningMF-1CountyCUYAHOGAAPN448-17-011

Schools near 6423 Ridge Road

This home is within Parma City School District.
Rating
School
Type
Grades
Distance
Thoreau Park Elementary School
Public - K to 4
Greenbriar Middle School
Public - 5 to 8
Valley Forge High School
Public - 9 to 12
Parma Park Elementary School
Public - K to 4
Rating
School
Distance
Thoreau Park Elementary School
PublicK to 4

Greenbriar Middle School
Public5 to 8

Valley Forge High School
Public9 to 12

Parma Park Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Omega

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