Warrensville Heights, Ohio as a Rental invesment

[Ohad Cohen]

Hey all

I was offered to buy a condo in Banbury Cir  street , Zip code 44128

Prices are 35,000$ for 2 bedrooms and 38000$ for 3 bedrooms.

Can you please share your experience from investing in a rental properties in Warrensville heights in general and particular in condos vs SFR?

Things that I'm worried about:

1. I leave in Europe and can only manage with a property management company

2.Losing the value of the house within a few years as a result of bad education and crime rates

Thx

[Jayson Lesyk]

Welcome Ohad!

If I could offer my personal experience in that area I think you're discussing the C+ area of W Heights near Bedford Heights business/commercial area. There's two popular local bars near by; Scorcher's offers outdoor sand volleyball courts, and the Winking Lizard has over 100 different craft beers in bottle and over another 20 on tap. Downtown Solon is less than 10 minutes up the street. And you can access downtown in 20-30 minutes, 40 in the worst of traffic. You also have access to both 480 AND 271 literally just around the corner. My only concern for you is that in the East side Cleveland market you can find good SFR and small MFR properties. Why deal with a condo HOA eating up all your profit? Any particular reason for this strategy.

Message me and let me know if I can help as boots on the ground/ local help! I've lived 22 of 25 years right up the street.