16313 Talford Ave Cleveland, OH 44128
- Commercial real estate
- 1.92 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 16313 Talford Ave
- Year built
- 1925
- Lot size
- 1.92 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 31-unit multifamily portfolio situated on a 1.92-acre lot at 16313 Talford Avenue in Cleveland, Ohio. Comprising 17 individual properties, this portfolio offers a significant value-add proposition for discerning investors. Currently, a majority of the units are vacant and require varying degrees of renovation, presenting a chance to increase rental income substantially. Detailed rehabilitation cost estimates and comprehensive walkthrough notes are available for review. The portfolio's projected annual gross income, once fully stabilized and renovated, is estimated at nearly $450,000. Furthermore, projections indicate a net cash flow exceeding $175,000 annually after debt service. This represents a compelling return on investment in a dynamic and growing area of Cleveland. The property is listed at $1,399,000, offering a rare chance to acquire a substantial multifamily portfolio with considerable upside potential in a thriving market. This is an ideal opportunity for investors seeking to build a strong cash-flowing asset in a desirable location. Detailed financial projections and property specifics are available upon request. Don't miss this chance to acquire a significant portfolio in a rapidly developing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.56649
- Latitude
- 41.45451
