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Updated about 6 years ago on . Most recent reply
Opinions on Shaker and Garfield Heights for multifamily?
I'm looking at two multi-families in areas of Cleveland that I'm less familiar with. I've done my research, but I'd like a second opinion on if I should stay away from these areas for reasons of crime, poor quality tenants or anything else.
- Shaker Heights (Buckey-Shaker) - South of Shaker Square on South Moreland Blvd.
- Garfield Heights - North of Cleveland Clinic and the Garfield Park Reservation on East 104th st.
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Both have relatively hight taxes in the ball park of 4% of retail value and they both border some rougher neighborhoods. Make sure you calculate the taxes properly for cash flow and study the surrounding areas carefully.