Area East of W. 130th

[Caleb Heimsoth]

I was visiting Cleveland recently and was looking at some property that is slightly on the east side of W. 130th st. I've received mixed opinions on this area from it being not a great area to it being a mixture of owner occupied and rentals, which I think is good. I've driven this area myself and personal it seems fine to me, but can anyone local chime in one way or the other? Any more information is helpful. Please let me know if you need more info.

[Don Petrasek]

@Caleb Heimsoth as @Federico Gutierrez mentioned you're looking in a relatively solid area but the area North of I-71 East & West of W 130 is stronger and will command $925/$950 for a standard 3 bdrm 1 bath bungalow all day long.  You may get that in the area that you are looking at, but I think you'll be closer to the top end of the market.   I have 4 houses North of I-71 2 East of W 130, 2 West.  $900, $925, $825, getting ready to put one up at $925.  The $825 is way below market - will be increasing.  The others may be a bit below market, but I've found that being slightly below market = rent faster and stronger longer term tenants which in the end equals a better return for me.