Colonial Charm in Lee Miles
Southeast of Cleveland sits 16704 Talford, a timeless two-story colonial-style single-family residence located in the Lee Miles neighborhood. With 4 bedrooms and 1.5 bathrooms, the residence offers a spacious 1,248 square feet of living space on an ample 5,445 square-foot lot. This property is equipped with a detached one-car garage and a cozy fireplace, and the architectural design harmoniously blends classic colonial elements, providing a timeless and inviting ambience.
Community with a Unique Identity
The Lee Miles neighborhood, which used to be called Miles Heights, has a rich history that dates back to the early 1920s. Initially considered Cleveland’s first ward, Lee Miles has transformed from a collection of cabins into a community with a distinct identity. The residential streets are home to a mix of modest bungalows and larger colonial residences, with some older homes from the early 1920s. Residents enjoy the vibrant community spirit, with activities such as the weekly “What Are You Reading” Book Club, catering to various age groups. Numerous pocket parks, including Kerruish Park and Jo Ann, offer green spaces for recreational activities.
Token-holders will benefit from an expected rental income of 9.70%. Acquired at a reasonable cost of $85,000, this property also aligns with our strategic investment approach. The listing price incorporates a $4,000 renovation budget, covering essential upgrades for painting, roof improvements, and addressing deferred maintenance.