THE MILTON TOWNHOMES

Green Bridge Real Estate is excited to present The Milton Townhomes, a trophy Class A residential asset located in one of Downtown Cleveland’s most desirable and high-demand rental markets. This modern 16-unit townhome community features two-bedroom, two-and-a-half-bath townhomes with approximately 1,200 square feet each and attached one-car garages. Built in 2017, the property is currently 81% occupied (13 of 16 units), with an average monthly rent of $2,320 per unit ($1.93/SF), offering an excellent value-add opportunity. Notably, two of the units are fully furnished, presenting the potential for short-term rental use such as Airbnb.
The Milton is in year 8 of a 15-year real estate tax abatement (set to expire in 2031), which enhances the investment appeal by minimizing operating expenses. Ideally positioned in Downtown Cleveland, residents enjoy walkable access to the Central Business District, Cleveland State University, Playhouse Square, FirstEnergy Stadium, and Progressive Field. The property is also a short 5–10-minute drive to the Cleveland Clinic, University Hospitals, and the cultural institutions in University Circle. Commuters benefit from easy access to major highways including I-90, I-480, I-77, and I-71. With little to no deferred maintenance and room to increase rental income, The Milton presents a rare opportunity to own a high-performing, low-maintenance property in one of Cleveland’s strongest rental corridors.