9106 Superior Ave Cleveland, OH 44106-1052
This unique Cleveland investment property presents a compelling opportunity for a savvy developer. The offering encompasses three buildings situated on two lots totaling 0.09 acres at 9106 Superior Avenue. The easternmost building features three sizable apartments and a former restaurant storefront, plus a substantial basement, previously used as a bar. While requiring significant renovation, this building offers considerable potential. The central building, currently condemned, boasts a solid brick structure suitable for restoration. Two apartments occupy the second floor, but extensive work is needed throughout. Finally, a brick duplex located to the west completes the property. The condition of this duplex is currently unknown. In total, the property includes seven apartment units and two storefronts. This mixed-use property presents a high-reward, high-risk venture for an investor with experience in redevelopment projects. The property is being sold AS-IS. Prospective buyers should be aware that showings require entering at one's own risk and a release and waiver form must be completed before any showing can be scheduled. The square footage is not currently available. The asking price is $69,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LR · Cleveland, OHCleveland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.