East Cleveland, TN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in East Cleveland, Tennessee Market population: 18K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For East Cleveland OH Properties: 3.5100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For East Cleveland OH
Common questions from investors exploring commercial real estate in East Cleveland OH.
What's the overall investment outlook for East Cleveland, OH?
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The 40.5% poverty rate and $20,577 median household income suggest a challenging market, but the 89.6% health insurance coverage and 26.2-minute average commute time indicate a degree of stability and access to employment, making it a potential opportunity for investors targeting affordable housing or renovation projects.
How does the local economy impact real estate investment in East Cleveland?
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The top industries, including Public Administration and Health Care & Social Assistance, provide a foundation for employment, while the 0.506 GINI coefficient and 40.5% poverty rate highlight income inequality, suggesting investors should focus on affordable housing or partner with local organizations to support community development.
What role does ethnic diversity play in the East Cleveland real estate market?
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The predominantly Black population (84.6%) and low foreign-born rate (1.4%) indicate a strong sense of community, which can be beneficial for investors looking to engage with local organizations and residents, potentially leading to more successful and sustainable investments.
How do commute times and transportation methods affect the desirability of East Cleveland as an investment location?
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The 26.2-minute average commute time and reliance on public transit suggest that residents value convenience and accessibility, making properties near transportation hubs or with easy access to employment centers more attractive to potential renters and investors.
What are the implications of the high poverty rate and low homeownership rate for real estate investors in East Cleveland?
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The 40.5% poverty rate and 33.2% homeownership rate, combined with the $68,900 median property value, indicate a market with potential for renovation or new construction projects, particularly if investors can offer affordable housing options that also provide a path to homeownership for local residents.
East Cleveland OH Real Estate & City Facts
Key facts and real estate information about East Cleveland OH.
What are some of the best neighborhoods to live in East Cleveland?
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Some of the best neighborhoods to live in East Cleveland include McGregor, Euclid, and Cleveland Heights. McGregor is a quaint neighborhood known for its historic charm and tight-knit community, while Euclid is an affordable and great place to live. Cleveland Heights is also a desirable area with a more urban-suburban feel.
What are some fun things to do in East Cleveland?
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There are plenty of fun things to do in East Cleveland, including visiting the East Cleveland Theater, exploring the Coit Road Farmers Market, and checking out the attractions at the Lake Metroparks Zoo. You can also head to the Rock and Roll Hall of Fame, take a food tour of Ohio City, or visit the Warner and Swasey Observatory.
What is the food scene like in East Cleveland?
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The food scene in East Cleveland is diverse and exciting, with a range of restaurants serving everything from French cuisine to Ethiopian and Vietnamese food. Some popular restaurants include Edwins Restaurant, The Capital Grille, and Alley Cat Oyster Bar. There are also plenty of great food trucks and markets to explore, such as the Coit Road Farmers Market.
What are the pros and cons of living in East Cleveland?
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The pros of living in East Cleveland include its affordable housing, diverse community, and access to plenty of amenities and attractions. However, the city also faces challenges such as poverty and crime. Additionally, some areas of the city may have limited job opportunities and resources. Overall, East Cleveland is a complex and multifaceted city that offers a unique blend of advantages and disadvantages.
Is East Cleveland a good place to live?
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Whether or not East Cleveland is a good place to live depends on your individual preferences and priorities. If you're looking for an affordable and diverse community with plenty of amenities and attractions, East Cleveland may be a great fit. However, if you're concerned about safety or job opportunities, you may want to consider other options. Ultimately, it's up to each individual to weigh the pros and cons and decide whether East Cleveland is the right place for them.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For East Cleveland OH Commercial Property: $20,577
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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