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11239 Superior Avenue
Cleveland, OH 44106

$499,900

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Listing Details

  • $499,900
  • MLS# 5205197
  • Type Commercial - Retail
  • Status Active
  • 0.096 acres
    Lot Size
  • 1911
    Year Built
  • Cleveland Municipal - 1809
    Local Schools

Home Value Estimate


Description

**Great mixed-use investment opportunity on Superior Ave! This prominent three-story brick building offers a versatile combination of two street-level retail/commercial spaces and five upper-level apartments, including two 3-bedroom units and three 2-bedroom units. Current projections show potential annual gross income of $74,376, with upside to approximately $95,232 after improvements, supporting projected cash-model ROI of 10.46% to 12.42% and leveraged ROI of 11.69% to 16.67%, based on seller-provided assumptions. The property features classic architectural details, tall ceilings, large windows, neutral interiors with white trim, and decorative...read more

Features

  • Hot Water, Steam
  • $8,939 / year Taxes
  • Public
  • Built in 1911

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