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14120 Superior Rd 7 Unit Apartment Building $732,258 CAD ($104,608 CAD/Unit) Cleveland, OH 44118
Executive Summary
INCREDIBLE INVESTMENT OPPORTUNITY. According to CMHA 2025 rental rates, this property would bring in 168k 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. Six, very large 3 bedroom units projected to bring in up to $12,672 each a month and a large studio in the basement to bring in up to $1,356 a month= up to $14,028 a month/168k 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.. The six 3 bedroom units are all updated and move in ready, 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 with three spots and parking in front of building. 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.
Property Facts
| Price | $732,258 CAD | Building Class | C |
| Price Per Unit | $104,608 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,896 SF |
| No. Units | 7 | Average Occupancy | 30% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1922 |
| Apartment Style | Low-Rise | Parking Ratio | 0.79/1,000 SF |
| Zoning | U2-H2 | ||
| Price | $732,258 CAD |
| Price Per Unit | $104,608 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,896 SF |
| Average Occupancy | 30% |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | U2-H2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 556 |
| 3+1 | 6 | - | 2,780 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 672-27-031 | Improvements Assessment | $173,021 CAD |
| Land Assessment | $8,359 CAD | Total Assessment | $181,380 CAD |
Property Taxes
Parcel Number
672-27-031
Land Assessment
$8,359 CAD
Improvements Assessment
$173,021 CAD
Total Assessment
$181,380 CAD
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14120 Superior Rd
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