14172 SUPERIOR ROAD

Property Description

INVESTOR SPECIAL! Take a look at this tenant occupied triplex, which at full occupancy will generate over $2,650 a month! The first unit and second unit are both 2 bed, 1 bath and occupied at $1,000 and $950 a month. The third unit is a 1 bed, 1 bath and currently vacant. It was previously rented at $700 a month. This property has been recently renovated including new flooring, interior paint, newer ac units, new hot water tanks, updated electrical, plumbing and duct work has been completed. The top unit is in the process of receiving new flooring, kitchen cabinets, interior paint and new window. Current cap rate for the property is 7.1% at asking price without the top unit being rented! Cap rate will be above 11% with full occupancy! In close proximity to restaurants, shopping centers, hospitals, freeway access, and downtown Cleveland! Mix and match! This property can be bought individually or as a package deal with 684-03-007, 684-03-033 or all 3 for $1,919,900. Hurry! This won't last long!