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14174 Superior Road

Cleveland Heights, OH 44118
  • $969,950
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: 5025007
Price Reduced
$969,950
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:
Listing courtesy of Coldwell Banker Schmidt Realty.
Listing information © 2024 YES-MLS.

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!

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
www.kennenrealtors.com/homes/148811910
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14174 Superior Road Cleveland Heights, OH 44118

  • Price: $969,950
  • Status: Active
  • On Site: 111 Days
  • MLS #: 5025007
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1920
Built
Neighborhood:
Ridge Road
County:
Cuyahoga
Area:
Cleveland Heights
School District:
Cleveland Hts-Univer
Property 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!
Exterior Features

Attached Garage YN No Garage YN Yes Parking Features Additional Parking Detached Garage Parking Lot Waterfront YN No

Interior Features

Basement Unfinished Basement YN Yes Cooling None Cooling YN No Heating Hot Water Steam Heating YN Yes Main Level Bathrooms 0

Property Features

Elementary School District Cleveland Hts- Univer - 1810 Middle Or Junior School District Cleveland Hts- Univer - 1810 Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 29653 Township Cleveland Heights Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Coldwell Banker Schmidt Realty: 440-951-1410.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Coldwell Banker Schmidt Realty.
Listing information © 2024 YES-MLS.