Slavic Village, the next gentrification neighborhood

7 Replies

I've been looking outside the box in the Cleveland area and I heard about Slavic Village (44105).  

From a locals perspective, whats your thoughts and is there any chance of gentrification in the future?  I'm not expecting the next Tremont or Ohio City but is there a chance for some rental growth?

Speculation vs. Investing.

My 2 cents, I wouldn't touch it, there are lots of other solid Cleveland neighborhood to invest in. Someone else may have a different philosophy and tell you otherwise.

They’ve been trying to convince people that area would begin to turn around. I doubt it, if you do buy, buy smart! I wouldn’t pay over 30k all in for anything over there.

If your a gambling man it maybe worth a shot. How high is your risk tolerance?

Originally posted by @Tyler Shigenaga :

I've been looking outside the box in the Cleveland area and I heard about Slavic Village (44105).  

From a locals perspective, whats your thoughts and is there any chance of gentrification in the future?  I'm not expecting the next Tremont or Ohio City but is there a chance for some rental growth?

 Go back in the box. It's safer in the box.

While I like Slavic Village and think it's got potentIal, I'd bet on an area like North Collinwood, Asiatown, or St. Clair-Superior over Slavic Village.

@Tyler Shigenaga

I was going to tell you the same thing @Jad Boudiab stated. You should never do a deal based on speculation. Bad way to do business in my opinion. Go by today’s numbers. All the best to you. 

Jorge

I keep hearing people talk about Slavic Village revitalization. And while there are significant efforts being made there, I agree with @Steven Aviram , I think that North Collinwood, Superior-St Clair, and Goodrich-Kirtland Park (often referred to as "Asiatown") are all better areas for that sort of speculation.

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