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$ 559,000
Est. payment /mo
Price Dropped by $30K
14120 Superior RD Cleveland, OH 44118
8,651 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Coventry Mayfield Land Cos Su
MLS Listing ID 5207051
HOA Y/N No
Year Built 1922
Annual Tax Amount $13,364
Tax Year 2025
Lot Size 8,651 Sqft
Acres 0.1986
Property Sub-Type Apartment
Property Description
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. 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