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Updated over 5 years ago on . Most recent reply
Thoughts on investing in Parma and Middleburg Heights?
What are your thoughts on investing in multifamily in Parma and Middleburg Heights for rentals? Doesn't seem to command as much rent as Lakewood, Tremont, Ohio City but buildings are much newer vs 1900-1920's. Thanks
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Originally posted by @Phil Chow:
What are your thoughts on investing in multifamily in Parma and Middleburg Heights for rentals? Doesn't seem to command as much rent as Lakewood, Tremont, Ohio City but buildings are much newer vs 1900-1920's. Thanks
Middleburg Hts is primarily an owner occupied neighborhood. Doesn't have what would be considered a hip nightlife to attract high paying millennia tenants like Lakewood, Tremont & Ohio City. This is more like your husband, wife, 2.5 kids, dog & white picket fence neighborhood. I suppose the same can be said for Parma but on a lower quality & price point.