PROPERTY INVESTMENT IN BUCKEYE SHAKER, CLEVELAND??

Buying & Selling Real Estate
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PROPERTY INVESTMENT IN BUCKEYE SHAKER, CLEVELAND??

Rafael Platas
Member since 2020 · 7 posts · 1 vote

Good morning,

I am planning to buy a property to rent in Buckeye Shaker.

I know it is a quarter with quite a lot of criminality. However, I have also heard that it really depends on the specific area the property is located. It also looks like the quarter has good economic development plans to revitalize the local economy. 

To be specific, I am planing to buy in 3205E 132nd ST, CLEVELAND, OH 44120. I do not have the impression that the area is that bad on google maps. However, it is really hard to evaluate when you don't know the place.

If you really know the area, could you please give me your advice?

I really appreciate you help.

Have a good day.

Rafael Platas

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Ricardo NavarroPro Member
Investor · Cleveland, OH · Member since 2017 · 63 posts · 23 votes
5y

Sure. Just plug in the address in trulia.com, and scroll down to the crime button bout 1 third of the way down the page. I always check trulia specifically for this feature. 

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  • Andrew Weiner
    Property Manager · Cleveland, OH · Member since 2020 · 268 posts · 315 votes
    5y

    This is a manageable area especially since its a single family.  The farther east in Buckeye you get the better it is.  I manage a single family in buckeye and we have had very good luck with that one.  

    0Reply
  • Ricardo NavarroPro Member
    Investor · Cleveland, OH · Member since 2017 · 63 posts · 23 votes
    5y

    crime maps in that area have the location of the property listed as being in a high crime portion of buckeye-shaker

    0Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y
    Originally posted by @Andrew Weiner:

    This is a manageable area especially since its a single family.  The farther east in Buckeye you get the better it is.  I manage a single family in buckeye and we have had very good luck with that one.  

    Thank you for your help @Andrew Weiner. Hopefully I will have more opinions to take a final decision.

    0Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y
    Originally posted by @Ricardo Navarro:

    crime maps in that area have the location of the property listed as being in a high crime portion of buckeye-shaker

     Thank you very much @Ricardo Navarro.

    Could you please give me the link from where you took this information? It will be good to have a deeper look at it. It would be nice if more people, locals from that area, could give me their advice as you did. :)

    0Reply
  • Account Closed
    Investor · Leander, TX · Member since 2016 · 299 posts · 402 votes
    5y

    He is using the crime map on Trulia.

    0Reply
  • Ricardo NavarroPro Member
    Investor · Cleveland, OH · Member since 2017 · 63 posts · 23 votes
    5y

    Sure. Just plug in the address in trulia.com, and scroll down to the crime button bout 1 third of the way down the page. I always check trulia specifically for this feature. 

    1Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y
    Originally posted by @Account Closed:

    He is using the crime map on Trulia.

     Thank you @Cory S! 

    0Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y
    Originally posted by @Ricardo Navarro:

    Sure. Just plug in the address in trulia.com, and scroll down to the crime button bout 1 third of the way down the page. I always check trulia specifically for this feature. 

    Thank you very much @Ricardo Navarro! It really helps! ;)

    0Reply
  • Ondrej Brown
    Rental Property Investor · Cleveland, OH · Member since 2019 · 150 posts · 47 votes
    5y
    Originally posted by @Rafael Platas: Very bad area ! But I don't never let that stare me away from a potential investment. If you was to grab that property I would get a section 8 tenant in it. Pro and Con with that area is Buckeye is very high crime rate area, with lots gun shooting. Pro about it is your around the corner from a decent area like Shaker Heights & you can advertise that well , by  putting a decent tenant in the home. At the end of the day somebody always needs a home ! 

    Good morning,

    I am planning to buy a property to rent in Buckeye Shaker.

    I know it is a quarter with quite a lot of criminality. However, I have also heard that it really depends on the specific area the property is located. It also looks like the quarter has good economic development plans to revitalize the local economy. 

    To be specific, I am planing to buy in 3205E 132nd ST, CLEVELAND, OH 44120. I do not have the impression that the area is that bad on google maps. However, it is really hard to evaluate when you don't know the place.

    If you really know the area, could you please give me your advice?

    I really appreciate you help.

    Have a good day.

    Rafael Platas

    0Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y

    Originally posted by @Ondrej Brown:

    Actually, there is already a Section 8 tenant in the property and the net profitability is quite good. 

    What woories me most is (i) the fact that te property could have a high vacancy rate and (ii) the fact that the house could suffer acts of vandalism. However, when I look this area on google.maps, the houses look pretty good. It is quite confusing. What do you think about that?

    Thank you again for your big help!

    0Reply
  • Ondrej Brown
    Rental Property Investor · Cleveland, OH · Member since 2019 · 150 posts · 47 votes
    5y
    Originally posted by @Rafael Platas: Yea I definitely understand ! I'm in the same position with one of my properties as well. I wouldn't worry to much about the vandalism. Once a tenant gets in there in people see a pattern that somebody live there, that will quickly stop. Far as vacancy that would be your only problem !   But Like I said before there always seem to be people in search for a home to rent. Especailly with section 8. I would just see how much you can profit with , and its worth the potential headache in the future. 

    Originally posted by @Ondrej Brown:

    Actually, there is already a Section 8 tenant in the property and the net profitability is quite good. 

    What woories me most is (i) the fact that te property could have a high vacancy rate and (ii) the fact that the house could suffer acts of vandalism. However, when I look this area on google.maps, the houses look pretty good. It is quite confusing. What do you think about that?

    Thank you again for your big help!

    0Reply
  • Rafael Platas
    OP
    Member since 2020 · 7 posts · 1 vote
    5y
    Originally posted by @Ondrej Brown:
    Originally posted by @Rafael Platas: Yea I definitely understand ! I'm in the same position with one of my properties as well. I wouldn't worry to much about the vandalism. Once a tenant gets in there in people see a pattern that somebody live there, that will quickly stop. Far as vacancy that would be your only problem !   But Like I said before there always seem to be people in search for a home to rent. Especailly with section 8. I would just see how much you can profit with , and its worth the potential headache in the future. 

    Originally posted by @Ondrej Brown:
     

    I really appreciate your advice @Ondrej Brown. Thank you very much!

    1Reply
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