Investing in Stockyards Cleveland

[Martin Moran]

Hi there!

I was wondering if anyone is currently investing in the stockyards area. I see duplexes going for mid $60K but I don’t seem to find any comps. On paper, they seem to cash flow and the neighborhood varies from street to street. Any thoughts on value add opportunities? How is the tenant pool in your experience? Is it going to be possible to do a cash out refinance if the units are remodeled? Not like an A property, but nice and decent. A

Please share your thoughts!

Thank you

Martin