Excellent opportunity to own a cash-flowing duplex at 2433 Tuxedo Ave, perfect for investors, multi-generational living or owner-occupants looking live in one unit and rent the other. This fully occupied property offers stable rental income, strong appreciation potential, and consistent tenant demand thanks to a strong rental market conveniently located near Cleveland and neighboring cities. The property features spacious units filled with natural light and designed for comfortable living. First Floor Boasts Hardwood Flooring Through the Living Room and Two Bedrooms. The upper unit showcases a large living room, eat-in kitchen, and a versatile sunporch that could easily be used as a home office, bonus space, or converted into an additional bedroom. Numerous updates have already been completed, including a new garage roof and down unit hot water tank in 2020, a new roof in 2021, a new upper unit stove in 2023, and a new stove and dishwasher in the lower unit in 2024. Whether you are looking to expand your investment portfolio or live in one unit while renting the other, this property presents an excellent opportunity.
Parma is located in Ohio. Parma, Ohio has a population of 80,880. Parma is less family-centric than the surrounding county with 21.75% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Parma, Ohio is $60,590. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Parma is 42.5 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 22 degrees. The average rainfall is approximately 38.3 inches per year, with 53.6 inches of snow per year.
