13984 Superior Rd | Cleveland, OH 44118
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- LoopNet Team
13984 Superior Rd
Cleveland, OH 44118
SUPER LUXOR APARTMENTS · Multifamily Property For Sale
·
34 Units
INVESTMENT HIGHLIGHTS
- 34 Units / Currently 94% Occupied / Fantastic Value Add Opportunity
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
- The Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $134,988 or a 7.10% Cap rate at the price of $1,900,000 ($55,882 per
- Excellent Location, Bus Stops in Walking distance
- Tenant Paid Heat (Forced Air Furnaces)
PROPERTY FACTS
| No. Units | 34 | Building Size | 42,159 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 1.23 AC | ||
| Zoning | N/Av, Cleveland - APTS 20-39 | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 42,159 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | N/Av, Cleveland - APTS 20-39 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Storage Space
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
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 | 34 | $675.00 | 750 |
PROPERTY TAXES
| Parcel Number | 672-26-004 | Improvements Assessment | $194,845 |
| Land Assessment | $37,590 | Total Assessment | $232,435 |
PROPERTY TAXES
Parcel Number
672-26-004
Land Assessment
$37,590
Improvements Assessment
$194,845
Total Assessment
$232,435
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