Cleveland - United States of America
This Single Family, built in 1962, presents a fantastic investment opportunity. It features a spacious living area with 6 bedrooms, 3 bathrooms, a kitchen, a living room, and a dining room.
**NEW SHORT-TERM INVESTMENT**
The rental period for this property is expected to be 30 months.
Parma
Parma, located just south of Cleveland, is a vibrant and family-friendly community known for its excellent schools, well-maintained parks, and diverse neighborhoods. The city offers a mix of suburban tranquility and easy access to Cleveland's amenities. The real estate market in Parma is robust, with median home values projected to increase by 3.9% this year, making it an appealing choice for residents seeking a balanced and convenient lifestyle.
Cleveland
Cleveland, situated on the southern shore of Lake Erie, is a dynamic city that blends its rich industrial history with a vibrant cultural scene and modern economic growth. Known for iconic attractions such as the Rock and Roll Hall of Fame and the Cleveland Museum of Art, the city offers a unique blend of entertainment, history, and community spirit.
Cleveland is a prominent economic hub in the Midwest, with key industries including healthcare, advanced manufacturing, technology, and financial services. The city is home to major institutions like the Cleveland Clinic, consistently ranked among the top hospitals in the world, and is a growing center for biomedical innovation. Its strategic location with access to major highways, rail networks, and the Port of Cleveland supports commerce and connectivity.
The real estate market in Cleveland is experiencing steady growth. The median home value is expected to rise by 4.2% by the end of this year, reflecting increasing demand. Rent prices have grown by 4.8% year-over-year, with an influx of young professionals and families drawn to the city’s affordability and quality of life. Property inventory has declined by 12.5% over the past year, emphasizing the strong interest in Cleveland's housing market.
With its strong economic base, cultural richness, and affordable living options, Cleveland continues to attract residents and investors alike.
Strong Market Fundamentals
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Property refurbished
The property will be professionally refurbished and will be delivered turnkey ready for the new tenants. It is expected the value of the property will increase considerably upon completion.
Solid Tenancy
The property is currently vacant and the area enjoys strong rental demand from families and professionals. It is expected a new tenant will provide a long-term lease agreement.
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