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14639 Coit rd - Value-Add Multifamily Opportunity 6 Unit Apartment Building Offered at $171,636 CAD Cleveland, OH 44110

Investment Highlights
- Major Capital Improvements Completed Key systems including windows, electrical, plumbing, and walls have already been upgraded
- Strong Upside in Proven Rental Market Located in a high-demand Cleveland rental area with potential to stabilize at market rents
- Light Cosmetic Value-Add Remaining Opportunity to increase rents through simple interior finishes such as flooring, paint, cabinets, and doors
Executive Summary
14639 Coit Road presents a compelling value-add investment opportunity in the Cleveland market, ideal for investors seeking a partially repositioned asset with significant upside. The property has already undergone key improvements, including updated windows, electrical, plumbing, and interior wall work—allowing a new owner to step into the final phase of the renovation process.
With the heavy lifting completed, the remaining scope is primarily cosmetic, including flooring, paint, cabinetry, and interior finishes. This creates an efficient path to stabilization and rent optimization without the complexity and cost of full-scale systems replacement.
Strategically located in a strong rental corridor of Cleveland, the asset offers the ability to capitalize on increasing rental demand by delivering a refreshed, modernized product to the market. This is an ideal opportunity for both seasoned investors and operators looking to execute a straightforward value-add business plan with reduced construction risk.
With the heavy lifting completed, the remaining scope is primarily cosmetic, including flooring, paint, cabinetry, and interior finishes. This creates an efficient path to stabilization and rent optimization without the complexity and cost of full-scale systems replacement.
Strategically located in a strong rental corridor of Cleveland, the asset offers the ability to capitalize on increasing rental demand by delivering a refreshed, modernized product to the market. This is an ideal opportunity for both seasoned investors and operators looking to execute a straightforward value-add business plan with reduced construction risk.
Property Facts
| Price | $171,636 CAD | Building Size | 5,456 SF |
| Price Per Unit | $28,606 CAD | Average Occupancy | 0% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 6 | Year Built | 1926 |
| Property Type |
| Price | $171,636 CAD |
| Price Per Unit | $28,606 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | |
| Building Size | 5,456 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1926 |
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 115-14-016 | Improvements Assessment | $44,165 CAD |
| Land Assessment | $3,508 CAD | Total Assessment | $47,674 CAD |
Property Taxes
Parcel Number
115-14-016
Land Assessment
$3,508 CAD
Improvements Assessment
$44,165 CAD
Total Assessment
$47,674 CAD
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14639 Coit rd - Value-Add Multifamily Opportunity
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