$969,950 $6,453 est/mo Sourced by Back At You

14174 Superior Road,Cleveland Heights, OH 44118

Cleveland Heights OH, 44118

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Description

TURNKEY VALUE ADD APARTMENT BUILDING FOR SALE! If you are looking for a cash producing apartment complex that is almost at 100% occupancy, then look no further! 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! 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! One of the units needs a complete remodel and could create additional income for the property. Mix and match! This property can be purchased individually, or with 684-03-006, 684-03-033 or all 3 for $1,919,900. POS to be ordered upon executed contract and buyer to assume POS violations. Hurry! This property won't last long!

Details

MLS#5025007
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1920
Days On Site120
Listing Provided ByColdwell Banker Schmidt Realty | Morgan McClain

Features

BasementY
Acreage0.25

Market Activity 44118

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Listings Checked: 11 minutes ago
StateOH
CountyCuyahoga
CityCleveland Heights
Zip Code44118
Community NameRidge Road
Listing VS Median (in Ridge Road)
Price:
$969,950
low | high
Med:
$850
100% of Average
On Site:
120
low | high
Med:
4.000000
100% of Average
Sourced by Back At You
Listing Updated: July 19, 2024 at 8:12:16 PM PDT