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Updated over 1 year ago on . Most recent reply

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Nina Sid
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Should I buy a rental property built in 44105?

Nina Sid
Posted

I was presented a property on the corner of 116th and Union Avenue, close to Mt. Pleasant and Union Miles Park. It is fairly new (built in the 2000s) which is quite rare and will likely rent out to a voucher Section 8 tenant for around $1300-$1400. They are asking $100k. Any thoughts on whether I should consider that area or stay away? Will the property be difficult to resell if I wanted to in a year or two? 

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,686
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Nina Sid:

I was presented a property on the corner of 116th and Union Avenue, close to Mt. Pleasant and Union Miles Park. It is fairly new (built in the 2000s) which is quite rare and will likely rent out to a voucher Section 8 tenant for around $1300-$1400. They are asking $100k. Any thoughts on whether I should consider that area or stay away? Will the property be difficult to resell if I wanted to in a year or two? 


 It's the hood. If you want to own a property in the hood, go for it. If you don't, don't.

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