Log In/Sign Up
Your email has been sent.
THE MILTON TOWNHOMES 1421 E 15th St 16 Unit Apartment Building For Sale Cleveland, OH 44114
Investment Highlights
- Trophy Class Apartment Building in one of the nation's hottest rental markets
- Currently in year 8 of a 15 year Real Estate Tax Abatement period (ends 2031)
- 2 Units furnished and operated as an AirBnB rental, possibility for additional units/income
- Built in 2017, Each unit has garage, lush suite finishes throughout
Executive Summary
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.
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Walk-In Closets
- Carpet
- Deck
- Dining Room
- Family Room
- Handrails
- Island Kitchen
- Linen Closet
- Loft Layout
- Porch
Site Amenities
- Furnished Units Available
- Grill
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 16 | $3,219 CAD | 1,200 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 102-23-015 | Improvements Assessment | $1,271,875 CAD (2025) |
| Land Assessment | $217,193 CAD (2025) | Total Assessment | $1,489,068 CAD (2025) |
Property Taxes
Parcel Number
102-23-015
Land Assessment
$217,193 CAD (2025)
Improvements Assessment
$1,271,875 CAD (2025)
Total Assessment
$1,489,068 CAD (2025)
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
THE MILTON TOWNHOMES | 1421 E 15th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.