14120 Superior Rd - Apartments FOR SALE


Cleveland, OH 44118
$699,900 USD
14120 Superior Rd, Cleveland, OH for Sale
$699,900 USD
Apartments - FOR SALE
1/53
null | Request Cap Rate

14120 Superior Rd
Cleveland, OH 44118


HIGHLIGHTS

  • Close to Coventry Village
  • Severance center
  • University Circle and just a 10 min drive to Cleveland Clinic Main Campus
  • Location plus immense cash flow

OVERVIEW

INCREDIBLE INVESTMENT OPPORTUNITY. According to CMHA 2025 rental rates, this property would bring in up to 168k a year! In the 44118 Cleveland Heights Zip Code (ask agent for document on updated rental rates) this is the one to snag. Beautiful brick 7 unit building. Six very large, 1,100 sq ft 3 bedroom One bath units, projected to bring in up to $12,672 each a month. The seventh unit is a 550 sq ft, one bed one bath to bring in up to $1,356 a month= up to $14,028 a month/$168k a year. Some units occupied, however, with taking advantage of the CMHA guaranteed income/the updated rents, would be best to stabilize on own. Talk about profit.. Updated most units, two were not done since the tenants have been there for years and the one bedroom needs finished (new cabinets need hung, etc). Newer hot water tanks. Each unit has it's own furnace and H20 tank/separate electric and gas meters. Basement has coin laundry and newer PEX plumbing has been installed. Each unit has separate front/back door and there is a parking lot out back. Close to Coventry Village, Severance center, University Circle and just a 10 min drive to Cleveland Clinic Main Campus. Location, location plus immense cash flow. Call your agent today!

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$109 USD /SF

# OF UNITS

7

PRICE/UNIT

$99,986

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

U2-H2

APN/PARCEL ID

672-27-031

ASK ABOUT THIS PROPERTY

Matt ChaseKeller WilliamsMore Info

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