Advice on Duplexes in Cleveland, Ohio
Hello all!
I'm looking into some duplexes in Cleveland as my first ever property. I've been living around the world for a while, but I'm from Seattle so I'm not familiar with the market beyond the research I've been doing in the forums and such.
For whatever reason, there are quite a lot of duplexes in Cleveland for sale. They seem to be renting for 500-750 per unit and they're selling from 10k on the really low end. I would love to be all in on one for 20-25k cash and bring in 1000/mo as a buy and hold, but that seems way too good to be true. I feel like I'm missing something.
Does anyone have experience in the area with those sorts of units? Are they easy/hard to rent? (Obviously, depends on the neighborhood and I know there is a good amount of crime)
I could fly out to buy/live there for a while to get it fixed/rented since I'm taking a break from work. It would be ideal to be hands on for my first deal.
Any thoughts would be much appreciated!
Most Popular Reply
@Josh Gregory
Edgewater has some good blocks and there is certainly a lot of activity as it is basically wedged between Ohio City and Lakewood. Both being good rental markets for the past 10 years. We, Allstar Management, manage over 700 properties in the Cleveland metro area with many in Edgewater.