Commercial Real Estate for Sale at 14174 Superior Road in Cleveland Heights, OH for $2,000,000

Listing data updated March 22, 2024 - 5:13pm
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14174 Superior Road | Cleveland Heights

$2,000,000 | 0.0 Sq. Ft.

INVESTOR SPECIAL! TURNKEY 3 property package for a total of 27 units! There are 10 two bed 1 bath units, 17 one bed one bath units split between the two apartment buildings and a triplex. All units have undergone recent renovations including new flooring, paint, mechanics and is a cash flowing machine! Currently at 66% occupancy, property management is working on having all units tenanted in the next few weeks for 100% occupancy. Property management would be able to transfer over to the new owner. At 100% occupancy, this package would be bringing in a gross income of over $300,000 for a 15% cap rate before expenses! These properties do have the ability to be sold individually.You do not want to miss this opportunity! POS to be ordered upon executed contract and buyer to assume POS violations. MLSNow 5025209

Directions to property: off of Superior Rd.

MLS Listing ID: 
MLSNow 5025209
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,000,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland Heights
Address: 
14174 Superior Road, Cleveland Heights, OH 44118
County: 
Cuyahoga
Latitude: 
41.5157410
Longitude: 
-81.5741960
Directions: 
off of Superior Rd.
Public Remarks: 
INVESTOR SPECIAL! TURNKEY 3 property package for a total of 27 units! There are 10 two bed 1 bath units, 17 one bed one bath units split between the two apartment buildings and a triplex. All units have undergone recent renovations including new flooring, paint, mechanics and is a cash flowing machine! Currently at 66% occupancy, property management is working on having all units tenanted in the next few weeks for 100% occupancy. Property management would be able to transfer over to the new owner. At 100% occupancy, this package would be bringing in a gross income of over $300,000 for a 15% cap rate before expenses! These properties do have the ability to be sold individually.You do not want to miss this opportunity! POS to be ordered upon executed contract and buyer to assume POS violations.
Community Information
School District: 
Cleveland Hts-Univer - 1810
Subdivision: 
Ridge Road
Building Details
Details about the building on a property.
Year Built: 
1920
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Cooling System: 
Central Air,None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.25
Lot Size (Area): 
0.25
Public Record
Parcel Number: 
684-03-007
Annual Tax: 
$54,751.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Morgan McClain
Listing Office Name: 
Coldwell Banker Schmidt Realty

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