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Updated almost 9 years ago on . Most recent reply
How many apartment units for 500k near Cleveland?
Realistically, if I have the 20% down payment to mortgage $500k in apartment buildings in the Cleveland/NEO market, how many units would this buy in a relatively decent neighborhood? I would need it to be turn-key, no reno. I know it's a pretty broad question and there are tons of variables, but in round numbers what have others been able to achieve in or near Cleveland, OH? Thanks!
Most Popular Reply
Thank you Matthew! I've been looking on Loopnet but it's great to get some real feedback. I appreciate your help. Asking price isn't too much of a reliable indicator and I'm not from the area so I'm not privy to a local rule of thumb. Thanks again!