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Updated about 6 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Mike M.
  • Cleveland, OH
2
Votes |
17
Posts

Opinions on Shaker and Garfield Heights for multifamily?

Mike M.
  • Cleveland, OH
Posted

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.

  1. Shaker Heights (Buckey-Shaker) - South of Shaker Square on South Moreland Blvd. 
  2. Garfield Heights - North of Cleveland Clinic and the Garfield Park Reservation on East 104th st. 

Most Popular Reply

User Stats

146
Posts
142
Votes
John Koster
  • Investor
  • Valley Village, CA
142
Votes |
146
Posts
John Koster
  • Investor
  • Valley Village, CA
Replied

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.

  • John Koster
  • Loading replies...