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13540 Superior Rd
East Cleveland, OH 44112
SUPERIOR CLUB APARTMENTS · Multifamily Property For Sale
·
42 Units
Investment Highlights
- 42 Units / Currently 85% Occupied / Fantastic Value Add Opportunity
- Excellent Unit Mix of 21 One Bedroom, One Bath units and 21 Two Bedroom, One Bath units
- Excellent Location, Bus Stops in Walking distance
- The Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $170,487 or a 7.93% Cap rate at the price of $2,150,000
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
Property Facts
| No. Units | 42 | Building Size | 36,564 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 0.95 AC | ||
| Zoning | MF, E Cleveland - APTS 40+ | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 36,564 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | MF, E Cleveland - APTS 40+ |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Ceiling Fans
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $625.00 | 600 |
| 2+1 | 21 | $726.00 | 600 |
Property Taxes
| Parcel Number | 672-17-010 | Improvements Assessment | $279,580 |
| Land Assessment | $28,910 | Total Assessment | $308,490 |
Property Taxes
Parcel Number
672-17-010
Land Assessment
$28,910
Improvements Assessment
$279,580
Total Assessment
$308,490
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