#4 and #5 - in contract cleveland 44111

[Sunny D.]

In contract for 2 SFHs in Cleveland zip code 44111. I was looking for closer to kamms corner but has been hard to find one at my price point.

I have 1 duplex in Parma, 1 duplex in Old Brooklyn and 1 sfh in West side 158th. 

SFH #4, near John Marshall school of engg 140th st , 3/2 .

SFH #5 near 117th south of Lorain, 3/2, have some concerns with bowing of walls.

I have been looking for rent ready homes below 60k and its been hard to find in the more desirable areas

[Sunny D.]

Originally posted by @Don Petrasek:

@Sunny D.  I have 4 singles in that area.  Its a strong rental area and I have no trouble finding good tenants...most stay at least 3 yrs.  I'd recommend staying North of I-71 though, things get a bit more difficult once you cross over the highway (going South).....not terrible, you can still make it work but you're definitely going down a grade or so. 

I am amazed at how many houses are pending in that area right now, it wasn't too long ago that you would have had your pick of 12-15 listings that had been sitting around a while.  The good news is prices seem to be starting to rise, I've seen some $80s $90s and even a six figure comp in that same neighborhood.  haven't seen that since about 2006...

Quick update

Both units have been rented now. I pay water and sewer. 

sfh #5 all in incl. rehab was $49,500 rented at 975 pm

sfh #4 all in incl. rehab  was $58k rented at 950 pm

now focused on finishing my rehab on my #6 and close to getting my offer agreed by seller on #7. On target for hitting 10 homes in Cleveland by EOY and now am working exclusively with Jad Boudiab.