All Forum Posts by: Alan McClain

If you are looking for a long term buy and hold with strong cash flow potential I would recommend Franklinton as well. The area is upcoming as it has great location near downtown. Also, it has been designated as an "opportunity zone", increasing demand for large development projects. You can see this is already having an impact in the Gravity and Gravity 2 project. I currently have 3 rental units there and looking for more. 

One of the risks you have to consider is that it currently is a C class neighborhood and there are parts of the area in a flood zone. I would recommend checking the FEMA website to see if you would have to obtain renters insurance. Being a C class neighborhood, there is still a decent amount of crime and one of my properties was broken into.

Given the risks, I still find this a great opportunity. Many investors consider this area the "Short North" of 10 years ago. You can research property values and see how well an investment in the Short North would have came out to today.

Hope this helps.

Looking for experienced realtors in Columbus. OH to help me find my next property. I own two rentals in the Franklinton area and am looking for a 2-4 unit multi family for an owner occupied investment property. See my criteria below:

Location:

Powell, Clintonville, Westerville, Hillard, Worthington, Northwest Columbus, Gahanna, Grandview

-Not in a flood zone

-Around $285,000.00