MLS#5207051
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONCoventry Mayfield Land Cos Su
SCHOOLEast Cleveland City
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 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!
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Apartment, Common Basement, Full, Walk-Out Access
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.20 Acres
Roof Type: Composition, Flat, Shingle
Taxes: $13,364 / year
Year Built: 1922
Feature Descriptions
Laundry: Coin-operated
Parcel#: 672-27-031
Parking: Paved, Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: East Cleveland City
Listed By / Shown By
Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: matt@chasegrouprealestate.com, 440-452-2000
Shown By
Agent Name: Micaela Yoder
Agent Phone: (419) 360-5130
Agency Title: Key Realty
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14120 Superior Road | MLS# 5207051
This commercial property located at 14120 Superior Road , Cleveland, OH 44118 is currently listed for sale with an asking price of $589,000. Superior Road is located within the East Cleveland City school district. Search Cleveland real estate on micaelayoder.ikeyrealty.com today.