49
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$699,900
Est. payment /mo
8,712 Sqft Lot
New
14120 Superior RD Cleveland, OH 44118
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Coventry Mayfield Land Cos Su
MLS Listing ID 5132087
HOA Y/N No
Year Built 1922
Annual Tax Amount $13,364
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Apartment
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY. According to CMHA 2025 rental rates, this property would bring in 155k a year! In the 44118 Cleveland Heights Zip Code (ask agent for document on updated rental rates) this is the one to snag. Beautiful brick 7 unit building. Four, very large 3 bedroom units projected to bring in up to $8,488 each a month, two very large two bedroom units to bring in $3,288 a month and a large studio in the basement to bring in $1,200 a month= up to $12,976 a month/155k a year. Some units occupied, however, with taking advantage of the CMHA guaranteed income with the updated rents, would be best to stabilize on own. Talk about profit.. Updated most units, newer hot water tanks. Each unit has it's own furnace and H20 tank/separate electric and gas meters. Basement has coin laundry and newer PEX plumbing has been installed. Each unit has separate front/back door and there is a parking lot out back. Close to Coventry Village, Severance center, University Circle and just a 10 min drive to Cleveland Clinic Main Campus. Location, location plus immense cash flow. Call your agent today!
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Common Basement, Full, Walk-Out Access
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Paved, Parking Lot
Water Access Desc Public
Roof Type Composition,Flat,Shingle
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 672-27-031
Listed by Mathew P Chase • Keller Williams Greater Metropolitan • matt@chasegrouprealestate.com 440-452-2000
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