14639 Coit rd - Multi-Family FOR SALE


Cleveland, OH 44110- South Collinwood
$125,000 USD
732-757-6393
14639 Coit rd, Cleveland, OH for Sale
$125,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

14639 Coit rd
Cleveland, OH 44110
South Collinwood


HIGHLIGHTS

  • Major Capital Improvements Completed Key systems including windows, electrical, plumbing, and walls have already been upgraded
  • Light Cosmetic Value-Add Remaining Opportunity to increase rents through simple interior finishes such as flooring, paint, cabinets, and doors
  • Strong Upside in Proven Rental Market Located in a high-demand Cleveland rental area with potential to stabilize at market rents

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$23 USD /SF

# OF UNITS

6

PRICE/UNIT

$20,833

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Multifamily Opportunity

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

115-14-016

ASK ABOUT THIS PROPERTY

Nikhil VishakantaWe InvestMore Info
732-757-6393

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Nikhil VishakantaWe InvestMore Info
732-757-6393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.