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19465653
19465654

1421 E. 15th St., Cleveland, OH 44114

MK
OH BRK-20090002834
Green Bridge Real Estate
Green Bridge Real Estate
Listed by Green Bridge Real Estate
Unpriced
675 days on market
Updated 4 days ago
Opportunity zone

THE MILTON TOWNHOMES

Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 19,200
Net Rentable (SqFt) 19,200
Units 16
Beds 32
NOI $177,183
Occupancy 81%
Pro-Forma NOI $313,257
Class A
Year Built 2017
Buildings 4
Stories 3
Acreage 0.409
Parking Spaces 16 per unit
Investment Type Institutional
Ground Lease No

Trophy Class A Apt For Sale | 16 Units | Air BnB | Dwntn Cleveland

Marketing description

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.

Listing Contacts

MK
OH BRK-20090002834
Green Bridge Real Estate
Green Bridge Real Estate
Listed by Green Bridge Real Estate

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$177,183.00
$14,765.25/mo

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Additional Information

Name
Matthew King
License
BRK-20090002834
Brokerage
Green Bridge Real Estate
Title
Real Estate Broker
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