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?
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.
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.
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?
Union Miles is a rough area, but like all rough areas its street by street. If you have boots on the ground, I would highly recommend working with them and getting the details on the block its located.
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.
Thank you for everyone’s input! I have passed on the opportunity but if anyone comes across any similar opportunities in a better area please let me know!
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.
Thank you for everyone’s input! I have passed on the opportunity but if anyone comes across any similar opportunities in a better area please let me know!
There are tons of opportunities in Cleveland, especially if you have the right team in place. Just because its the hood doesn't make it a bad investment. Just do your research on what is going on in Cleveland, get a solid team in place and you will succeed.
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?
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.
Thank you for everyone’s input! I have passed on the opportunity but if anyone comes across any similar opportunities in a better area please let me know!
Good move.
Agreed with everyone that its pretty rough and, more importantly, the city doesn't take care of the area. Serious pot holes, drugs, run down stores, etc. Yes, there are places even rougher but Mt. Pleasant / Union is in the top 5.