14174 Superior Road

14174 Superior Road, Cleveland Heights, OH

$1,000,000

Price

0.2509 acres

Lot Area

1920

Year Built

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Overview
Lot Area
0.2509 acres
Year Built
1920
MlsNumber
5025007
Description

TURNKEY APARTMENT BUILDING! If you are looking cash producing apartment complex that is almost at 100% occupancy, then look no further! Producing over $7,500 in rent a month right now, at max rental occupancy, you will be looking at over $11,000 a month for a total of over $135,000 GCI at a 13.5% cap rate before expenses! This property features 14 units, 7 one bed one bath units and 7 two bed one bath units. Each unit features beautiful hardwood floors, tons of natural lighting and spacious bedrooms! Property management is estimating to have all units tenanted by the end of April. Mechanics are also new including the hot water tanks, a brand new $40,000 boiler system and updated electric throughout the entire complex! All it is missing is its new owner! There is one extra unit that needs a complete remodel and could create additional income for the property. Mix and match! This property can be purchased individually, with 684-03-006, 684-03-033 or all 3 for $2,000,000. POS to be ordered upon executed contract and buyer to assume POS violations. Hurry! This property won't last long!

Highlights
  • Annual Tax: $ 29653.0
  • Water: Municipal Water
  • Heating Fuel Type: Hydro Heat
  • Sewer: Public
  • Heating Type: Steam Heat
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Listing ID: 8b8c96fc-d12a-4f0c-b07d-2bb1bba239f8
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