Cleveland’s “Grungy hip”
I ignorantly escaped Toledo’s water scare at 7am on Sat so I could meet up with my Cleveland contacts. Duane took me on a full day tour of suburban neighborhoods, visiting properties at every stage of the purchase and renovation process. Reverse sticker shock was in full force for this Denver grrl, as I walked through 3 story homes ranging in price from $22k (in need of rehab) to $125k (fully upgraded for an owner occupier). I even jumped in to help nail a tarp on a collapsed foundation wall.
Even my Airbnb stay was a prime example of the opportunity here. Located in the Gordon Square Arts District, my host bought the house “uninhabitable” in 2010 for $30k, put $50k plus a lot of sweat equity into it, and it appraised at $180k this year. Check out how gorgeous he made it! I managed to find a RiNo style warehouse to convert but someone else already had the same idea – the WerksBuilding.
On Sunday, I found some time to explore a couple cool areas like Ohio City and Tremont, really enjoying the diversity of people and restaurants. I wandered through the Warehouse District (reminiscent of Denver’s Lodo) street fair before coming home to hang out on the porch rocking chair. Cleveland impressed me, it’s a happening city with a variety of real estate opportunities. I’m sure this won’t be my last visit!