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Updated about 1 year ago on . Most recent reply

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16
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Alex Nauth
25
Votes |
16
Posts

Best city in the US to buy quadplex for under $500k?

Alex Nauth
Posted

I work remote and can work anywhere in the country so I'm looking to buy a quadplex anywhere in the US that makes the most sense. For now I'm more concerned about cash flow than appreciation, but open to anything anywhere. I know the I know with the sub $500k price limit it'll probably be somewhere in the midwest. I would prefer turn-key and open to LTR or STR (currently have 3 STRs).

If you are an agent that works with investors in a market that has quads, sub $500k, with at least a 10% cap shoot me a message!

Most Popular Reply

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139
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178
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Peter Dorinsky
  • Real Estate Agent
  • Columbus, OH
178
Votes |
139
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Peter Dorinsky
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Alex Nauth:

I work remote and can work anywhere in the country so I'm looking to buy a quadplex anywhere in the US that makes the most sense. For now I'm more concerned about cash flow than appreciation, but open to anything anywhere. I know the I know with the sub $500k price limit it'll probably be somewhere in the midwest. I would prefer turn-key and open to LTR or STR (currently have 3 STRs).

If you are an agent that works with investors in a market that has quads, sub $500k, with at least a 10% cap shoot me a message!

Cleveland, OH is a great option if you're looking for a sub 500k quad that will cash-flow as an LTR. There are some other tertiary markets in Ohio as well that you might be interested in. If you're open to STR and even MTR, I'd say Columbus, OH is also worth looking into. Columbus is home to major hospitals such as Riverside, Nationwide Children's, and Ohio State's Wexner Medical Center. Many travel nurses and other professionals in the medical field travel to Columbus for work. 

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