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14120 Superior Rd 7 Unit Apartment Building $650,000 ($92,857/Unit) Cleveland, OH 44118
INVESTMENT HIGHLIGHTS
- Close to Coventry Village
- University Circle and just a 10 min drive to Cleveland Clinic Main Campus
- Severance center
- Location plus immense cash flow
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price | $650,000 | Building Class | C |
| Price Per Unit | $92,857 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,896 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1922 |
| Apartment Style | Low-Rise | Parking Ratio | 0.79/1,000 SF |
| Zoning | U2-H2 | ||
| Price | $650,000 |
| Price Per Unit | $92,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,896 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | U2-H2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | $2,112 | 1,100 |
| 1+1 | 1 | $1,356 | 550 |
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PROPERTY TAXES
| Parcel Number | 672-27-031 | Improvements Assessment | $125,335 |
| Land Assessment | $6,055 | Total Assessment | $131,390 |
PROPERTY TAXES
Parcel Number
672-27-031
Land Assessment
$6,055
Improvements Assessment
$125,335
Total Assessment
$131,390
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14120 Superior Rd
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