Cleveland or Columbus Ohio areas
Hello all, I am interested in getting into apartment complex investing in either Cleveland or Columbus Ohio areas. I would say between 15-50 unit size. Can anyone locally recommend which areas to focus on and which to stay away from? Also any other advice would be great! Thank you.
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@Eric DeVito Euclid has a population of just under 50,000 people, it is mostly a blue collar area heavily dominated by single families. Historically, it was owner occupied but a lot of units have been converted to rentals in the last 10 years. There are a limited number of small multi family units available.
Cleveland heights has some 40,000 some thousand people as well but it is widely diverse from the border of East Cleveland (a low value urban area) where the residents go to that poorly performing school district to high end "mansions" in a couple neighborhoods. Given its location near Cleveland Clinic, a university, proximity to downtown there are a good number of multi family units that might fit your criteria.