14036-14038 Superior Rd - Apartments FOR SALE
East Cleveland, OH 44118 |
14036-14038 Superior Rd
East Cleveland, OH 44118
HIGHLIGHTS
- 14036-14038 Superior Road presents the Superior Glen Apartments, a 23-unit complex currently 73.91% occupied (17/23).
- An excellent unit-mix of 10 two-bed/ one-bath units and 13 one-bed/ one-bath units with the ability to add an additional bedrooms to some units.
- This offering is presented with a 12.85% cap rate based on the projected NOI at 90% occupancy at market rents.
- The units present “guaranteed” rent, and have proven to be stable with a reliable tenant base and tremendous upside.
- Nestled in an excellent East Cleveland location with multiple bus stops in walking distance.
- Owner directs immediate sale of portfolio to fund other business opportunities.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Superior Glen Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
27908
STORIES
4
YEAR BUILT
1923
PARKING SPACES
10
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
672-27-020
