430 Jefferson Avenue
- Redeveloped in 2021
- Fifteen year tax abatement expires December 31, 2035
- Located in Tremont - prime walkable Cleveland market
- Close proximity to downtown Cleveland
- All new mechanicals and appliances in last 1-3 years
- Energy Star Certified
- Green Communities Certified
- Walk Score of 77/100 Very Walkable
- Bike Score of 56/100 Bikeable, two minutes from the Towpath Trail for biking and hiking
- In-Suite washer and dryer
- Stainless appliances
- Rooftop deck for tenant use
- Walking distance to fine dining, nightspots, coffee shops and community park
Property Description
Tremont Trails Luxury Apartments offers a prime investment opportunity in Cleveland's thriving multifamily market. The property was built in 2021 and is zoned for 7 units, ideally positioned for an investor seeking a trophy property in a premier location. Benefitting from a 15 year tax abatement, this low-rise gem is located in the coveted Tremont neighborhood, offering close proximity to downtown Cleveland. Zoned as Apartments 7-19 Walkup, the property presents a compelling prospect for investors looking to capitalize on the robust demand for modern, multifamily residences in this sought-after area. Six units are built out and occupied. The seventh unit was previously occupied by a bicycle shop. It has ingress and egress to Jefferson Avenue. It has HVAC and a half bath. It also has space for storage and an office. The residential tax abatement began January, 2021, and runs for 15 years, expiring on December 31, 2035. The tax abatement is approved for 100% of the assessed taxes for the rehabilitation costs for a term of 15 years following the effective date.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 7 |
| Lot Size: | 0.13 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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