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6928 Superior Ave 5 Unit Apartment Building $99,900 ($19,980/Unit) Cleveland, OH 44103
Investment Highlights
- Mixed-use building with 5 residential units + commercial space
- Large commercial storefront (former restaurant/bar layout)
- Priced at $99,000
- Value-add / redevelopment opportunity
- Heavy day-time traffic
Executive Summary
Mixed-use value-add opportunity located at 6928 Superior Ave in Cleveland. This approximately 1900-built building features a large street-level commercial space and five residential units above, offering significant upside for investors or developers seeking a redevelopment project.
The residential portion includes five units in varying stages of renovation. One unit is nearly completed, one is partially renovated, and the remaining units have undergone demolition with some rough-in plumbing and electrical started. This provides a head start for an investor to complete the units and bring them to market.
The first-floor commercial space was previously configured for restaurant or bar use and offers substantial square footage with an open layout. However, the space is currently not operational and will require a full build-out. The basement is accessible and may be utilized for storage.
This is a heavy value-add project and is best suited for experienced investors or contractors. The property is priced to reflect its current condition and the level of work required.
Located along Superior Avenue with convenient access to major roadways, employment centers, and surrounding redevelopment areas, the property presents a long-term repositioning opportunity once stabilized.
The residential portion includes five units in varying stages of renovation. One unit is nearly completed, one is partially renovated, and the remaining units have undergone demolition with some rough-in plumbing and electrical started. This provides a head start for an investor to complete the units and bring them to market.
The first-floor commercial space was previously configured for restaurant or bar use and offers substantial square footage with an open layout. However, the space is currently not operational and will require a full build-out. The basement is accessible and may be utilized for storage.
This is a heavy value-add project and is best suited for experienced investors or contractors. The property is priced to reflect its current condition and the level of work required.
Located along Superior Avenue with convenient access to major roadways, employment centers, and surrounding redevelopment areas, the property presents a long-term repositioning opportunity once stabilized.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 106-02-009 | Improvements Assessment | $385 |
| Land Assessment | $5,250 | Total Assessment | $5,635 |
Property Taxes
Parcel Number
106-02-009
Land Assessment
$5,250
Improvements Assessment
$385
Total Assessment
$5,635
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Skymount Buys Houses
6928 Superior Ave
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