Rare Luxury Multi-Family Investment Opportunity
Multifamily | 0.00% CAP | 7 Units
Marketing description
Tremont Trails is a rare luxury multi-family investment opportunity located at 430 W Jefferson Avenue in Cleveland, Ohio. Situated in one of Cleveland's most sought-after neighborhoods, the property offers walkability to Tremont's top restaurants, bars, coffee shops, Lincoln Park, and the Towpath Trail, while remaining just minutes from Downtown Cleveland.
This fully renovated luxury asset was redeveloped in 2021 with all new mechanicals, HVAC systems, appliances, modern finishes, in-suite laundry, rooftop deck, and Energy Star / Green Communities certifications, minimizing near-term capital expenditures. The property benefits from a 100% tax abatement on rehabilitation improvements through December 31, 2035, creating substantial operating expense savings and enhanced cash flow.
The property features an existing unfinished 7th unit that creates flexibility for investors to add a luxury apartment or activate the space as a boutique retail concept such as a cafe, fitness studio, office, or specialty retail user with direct frontage on Jefferson Avenue.
Investment highlights
- Prime Tremont Location - Situated in one of Cleveland's most sought-after neighborhoods, the property offers walkability to Tremont's top restaurants, bars, coffee shops, Lincoln Park, and the Towpath Trail, while remaining just minutes from Downtown Cleveland.
- 15-Year Tax Abatement Through 2035 - Property benefits from a 100% tax abatement on rehabilitation improvements through December 31, 2035, creating substantial operating expense savings and enhanced cash flow.
- Fully Renovated Luxury Asset - Redeveloped in 2021 with all new mechanicals, HVAC systems, appliances, modern finishes, in-suite laundry, rooftop deck, and Energy Star / Green Communities certifications, minimizing near-term capital expenditures.
- Trophy Multifamily Investment in a High-Growth Urban Market - Modern boutique apartment property with strong in-place tenancy, premium finishes, and proximity to Downtown Cleveland, positioned to capitalize on continued demand for high-end urban living in Tremont.
- Rare Value-Add Opportunity - Existing unfinished 7th unit creates flexibility for investors to add a luxury apartment or activate the space as a boutique retail concept such as a cafe, fitness studio, office, or specialty retail user with direct frontage on Jefferson Avenue.
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