330-931-9418
1421 E 15th St, Cleveland, OH for Sale
Apartments - FOR SALE
1/19
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1421 E 15th St
Cleveland, OH 44114


HIGHLIGHTS

  • Trophy Class Apartment Building in one of the nation's hottest rental markets
  • 2 Units furnished and operated as an AirBnB rental, possibility for additional units/income
  • Currently in year 8 of a 15 year Real Estate Tax Abatement period (ends 2031)
  • Built in 2017, Each unit has garage, lush suite finishes throughout

OVERVIEW

Green Bridge Real Estate is proud to present The trophy class, Milton Townhomes located in one of the nations hottest rental markets in Downtown Cleveland. The Milton, a 16 unit townhome community consisting of 16, 1,200 Sq.Ft. Two Bedroom, Two and a half Bath Townhomes with attached one car garage. Currently 81% Occupied (13 of 16) with avg. monthly rent of $2,320 per suite ($1.93 per Sq.Ft.). Excellent Value Add Opportunity. Two Townhome Suites are fully furnished and can be used as an AirBnB type of rental. Currently in year 8 of a 15 year Real Estate Tax Abatement period (ends 2031). The Property is situated in Downtown Cleveland. Residents are within walking distance of the Central Business District, Cleveland State University, Playhouse Square, First Energy Stadium, and Progressive Field. Also, a short proximity (5-10 minute drive) to the Cleveland Clinic, University Hospital and the museums of University Circle. The Property offers convenient access to Highways I-90, I-480, I-77, and I-71, which connect Downtown to the rest of the city. This Class A asset was built in 2017 and has plenty of upside with rents that can be increased and little to no deferred maintenance.

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

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% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE MILTON TOWNHOMES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

S-1

APN/PARCEL ID

102-23-015

ASK ABOUT THIS PROPERTY

Jason GriffithGreen Bridge Real EstateMore Info
330-931-9418

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Jason GriffithGreen Bridge Real EstateMore Info
330-931-9418

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