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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.

Property Facts

Price $171,636 CAD
Price Per Unit $28,606 CAD
Sale Type Investment
No. Units 6
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
  • Office Office Residential
Building Size 5,456 SF
Average Occupancy 0%
No. Stories 2
Year Built 1926
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
115-14-016
Land Assessment
$3,508 CAD
Improvements Assessment
$44,165 CAD
Total Assessment
$47,674 CAD
  • Listing ID: 39807335

  • Date on Market: 2026-03-17

  • Last Updated:

  • Address: 14639 Coit rd, Cleveland, OH 44110

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