Newark, Ohio.. for Buy and Hold?

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Newark, Ohio.. for Buy and Hold?

Dan Gustavson
Rental Property Investor · UT · Member since 2014 · 127 posts · 68 votes

Hi Community - Just reaching out here to see if I can get any information on Newark, OH (or surrounding areas with similar price point). I live in Salt Lake City, UT (although currently deployed) with one rental and am looking to explore out of state as our market has exploded. I have been looking around Columbus when I saw Newark. Not sure how the suburbs work 40 min east of Columbus, but I know people don't blink at a 40 min commute in Salt Lake. Anyone invest in/around Newark and could give me pros/cons? I would be concerned with vacancy being that far away from the city. Is it a nice/quiet town, or is it run down? Any info would be appreciated. Thanks All!

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Dan Gustavson:

    Hi Community - Just reaching out here to see if I can get any information on Newark, OH (or surrounding areas with similar price point). I live in Salt Lake City, UT (although currently deployed) with one rental and am looking to explore out of state as our market has exploded. I have been looking around Columbus when I saw Newark. Not sure how the suburbs work 40 min east of Columbus, but I know people don't blink at a 40 min commute in Salt Lake. Anyone invest in/around Newark and could give me pros/cons? I would be concerned with vacancy being that far away from the city. Is it a nice/quiet town, or is it run down? Any info would be appreciated. Thanks All!

     It is a solid place to purchase investments in.

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  • Dan Gustavson
    OP
    Rental Property Investor · UT · Member since 2014 · 127 posts · 68 votes
    5y

    @Remington Lyman - Thanks, appreciate your feedback.

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  • Chris Davisson
    Property Manager · Newark OH Central Ohio · Member since 2020 · 28 posts · 17 votes
    5y

    Dan

    Chris Davisson here I am a contractor, realtor, and investor in the Newark OH area. Just seeing if you are still interested in the Newark area. We are buy and hold investors but we do a few rehab and sell deals. Let me know know if you are still interested in investing in let me know. Thanks Chris

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