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Updated 6 months ago on . Most recent reply

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Owner Occupy Market for Young Family in Cleveland?

Alex Lickenbrock
Posted

Currently owner occupying a duplex in Cincinnati, but contemplating a move to Cleveland for personal reasons. Would like to owner occupy a property again for 1-2 years. What markets are best/safe for young family that will also have strong future/current rental potential. Thanks in advance for any insight. 

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,547
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @David Leggett:
That sounds great!  Cleveland gets a bad wrap nationally, but has really built itself up over the last 20-30 years.  Like James was saying, it really depends on the type of neighborhood you're looking to invest in and the school districts.  Parma, Fairview Park and Camms Corners often have multi-family rentals that pop up that are in B neighborhoods.  

Lakewood is a nicer area with a lot of multi-family rentals, but they're more on the expensive side.  And there's a lot of opportunities on the west side in C neighborhoods like West Blvd, but they probably don't have as high rated of a school system being in Cleveland.  But definitely lots of options in this area, depending on the specifics on what you're looking for.

 Parma and Fairview Park would be good for a dude who's wanting to send his kids to a halfway decent school. I grew up in the Old Brooklyn neighborhood in Cleveland but moved to Parma around 12 or 13 so parents could send us to a better school. All city of Cleveland schools are total trash. So even though Kamms Corners is one of the nicer neighborhoods in Cleveland you've still got complete trash schooling.

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