14036-14038 Superior Rd | East Cleveland, OH 44118
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14036-14038 Superior Rd
East Cleveland, OH 44118
Superior Glen Apartments · Multifamily Property For Sale
·
23 Units
Investment Highlights
- 14036-14038 Superior Road presents the Superior Glen Apartments, a 23-unit complex currently 73.91% occupied (17/23).
- This offering is presented with a 12.85% cap rate based on the projected NOI at 90% occupancy at market rents.
- Nestled in an excellent East Cleveland location with multiple bus stops in walking distance.
- 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.
- The units present “guaranteed” rent, and have proven to be stable with a reliable tenant base and tremendous upside.
- Owner directs immediate sale of portfolio to fund other business opportunities.
Property Facts
| No. Units | 23 | Building Size | 27,908 SF |
| Property Type | Multifamily | Average Occupancy | 74% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | U2,A2,H2-E.Cleveland | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 27,908 SF |
| Average Occupancy | 74% |
| No. Stories | 4 |
| Year Built | 1923 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | U2,A2,H2-E.Cleveland |
Amenities
Unit Amenities
- Cable Ready
- Storage Space
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $740.00 | 850 |
| 2+1 | 10 | $845.00 | 900 |
Property Taxes
| Parcel Number | 672-27-020 | Improvements Assessment | $147,420 |
| Land Assessment | $7,455 | Total Assessment | $154,875 |
Property Taxes
Parcel Number
672-27-020
Land Assessment
$7,455
Improvements Assessment
$147,420
Total Assessment
$154,875
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