Cleveland Investment Properties For Sale | Norada

Cleveland Investment Properties For Sale

Top 10 Job Market for New College Graduates (CNN)

A Perfect Example of the Revitalization of an American City

Northeast Ohio and specifially Cleveland has become the poster child of American revival in core industries. It combines a solid business infrastructure with education, lifestyle and an affrdable cost of living. The universities attract researchers and students from around the world. The city has a great orchestra, museums and recognized sports teams. There are miles of park trails, the shores of Lake Erie and The Rock and Roll Hall of Fame. All of this adds up to make Cleveland a great place to live and work, and thus an attractive investment climate for rental real estate

Overview

Cleveland is a large city located in the state of Ohio. With a population of 385,809 people and 176 constituent neighborhoods, Cleveland is the second largest community in Ohio. Much of the housing stock in Cleveland was built prior to World War II, making it one of the older and more historic cities in the country.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Cleveland is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Cleveland is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Cleveland who work in office and administrative support (14.08%), sales jobs (8.80%), and food service (8.44%).

Cleveland, like many big cities in America, has a public transportation system, but the citizens of Cleveland are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.

The citizens of Cleveland are slightly less educated than the national average of 21.84% for the average city or town: 16.07% of adults in Cleveland have a bachelor's degree or advanced degree.

The per capita income in Cleveland in 2010 was $18,003, which is low income relative to Ohio and the nation. This equates to an annual income of $72,012 for a family of four. Cleveland also has one of the higher rates of people living in poverty in the nation, with 35.98% of its population below the federal poverty line.

Cleveland is an extremely ethnically-diverse city. The people who call Cleveland home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cleveland residents report their race to be Black or African-American, followed by White. Cleveland also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.84% of the city’s residents. Important ancestries of people in Cleveland include Irish, Italian, Polish, and English.

The most common language spoken in Cleveland is English. Other important languages spoken here include Spanish and Arabic.

 

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Cleveland APPRECIATION RATE

TIME PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED TO State* COMPARED TO AMERICA*
Latest Quarter:
2023 Q3-2023 Q4		 0.00% 0.00%
Last 12 Months:
2022 Q4-2023 Q4		 0.00% 0.00%
Last 2 Years:
2021 Q4-2023 Q4 		0.00% 0.00%
Last 5 Years:
2018 Q4-2023 Q4 		0.00% 0.00%
Last 10 Years:
2013 Q4-2023 Q4		 0.00% 0.00%
Since 2000: Q1-2023 Q4 0.00% 0.00%
*10 is the highest


RENT & OWNERSHIP

HOME OWNERSHIP RATE


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Real estate is the most powerful way to accumulate wealth, and more people have become millionaires through real estate than any other means.

This guide has been written in an effort to help educate all real estate investors regardless of their experience.

Dedicated to all investors who want the very best deals!

The advantages of income-generating real estate.
How to analyze properties, cash-flow and returns.
How to choose the best markets and neighborhoods.

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Jon M.

Thanks for all that you did throughout this process. You were very knowledgeable and helpful and I will be sure to recommend Norada to anyone who is looking to get into real estate investing.

L. Giammanco

Marco has always been the most candid and trusted advisor, in bad & good, that I've had.  So GLAD I gave followed him through the years.

Dustin H.

Thank you Marco. You are doing great work and as I am just getting started I look to you and your team for guidance and mentorship through our interactions, your podcast and your online resources -- thank you for being a mentor (and you don't even know it. 🙂

Dave F.

Thanks again Marco. Norada has really been a great help to me and my family and our financial goals.

D. Ferguson

I'm real close to finalizing the first 4 homes through norada. It's been a great experience thus far.

H. Kromer

This was my first time using Norada to purchase a turnkey property out of state, and I have had a great experience working with them. Michael was great to work with. He definitely over-delivered and was invaluable to ensure the deal closed successfully.

Linnea M.

I worked with Norada to purchase my very first investment property in Indianapolis. Steve Olsen was my guide throughout the process and he was fantastic. I had a lot of "newbie" questions that he was able to very quickly help me answer. He put me in touch with their provider in Indy, and helped cultivate that relationship. They were both very knowledgeable about the Indianapolis market, the positives and negatives, and provide a great product at a good price, along with excellent customer service. Many thanks, Norada!

Kristin Y.

Norada really helped my husband and I understand in very simple terms what it means to be a passive investor, and motivate and drive us to action. We couldn't be happier with our decision to invest. We are calling this our new baby's college savings plan!

C. Horvilleur

I look forward to working with you again soon to get another property! I had a great experience and thank you!

Jim Rose

One of your current clients, Lance, referred me to Norada and it really was a true turnkey experience from start to finish. This was the first property that I have purchased and Marco guided me through the whole process. I will be buying another home in the next 4 months from Norada because I am confident in their concepts and principles in building wealth.

D. Castleberry

For my first turn-key rental property purchases I chose to go with Norada due to Marcos experience, knowledge and decent deals available. The overal purchasing experience went smoothly and Marco was more than willing to answer any and all of the questions I had, and was upfront about everything. I'll be more than likely to purchase more properties from Norada in the near future.

D. Cerecedes

I was interested in building my investment portfolio through passive income properties and really was having a hard time deciding what areas to target. I came across Norada Real Estate while listening to a real estate podcast and loved hearing about what they provide. It was a great decision to work with Norada. I couldn't be happier with the property I've acquired with positive net cash flow each month is the icing on the cake. Look forward to building my portfolio even larger!!! Thank you Norada - especially Michael!!

LeRand D.

You read my mind. That would be great and VERY much appreciated. That kind of assistance is what makes Norada a cut above the rest!

D. Jaggi

Love the quick response!

N. Suphatta

Michael Ristau has been helping me with my first property. ...he is very responsive and followed up on any question I have for him.

Greg R.

Michael did an outstanding job of talking me through the process, being available anytime I needed (which is a very important quality in this business and separated me from 2-3 other similar companies) and getting me in touch with all of the necessary contacts and local market players where I wanted to invest. The team he put me in touch with was thorough, fair, and supportive through the entire process. I look forward to working with Norada again shortly.

Anthony Dickson

Marco was a great help in helping to simplify the process of looking for an investment property. Thanks Marco!

Rami M.

Thanks Marco - it's been great. I looking forward to many more!

Mike Hambright, FlipNerd.com

Marco is an awesome guy. In our industry, it's critical that you find people to work with that are smart, credible, honest, and just fun to be around. If you're looking for those things, Marco is your man.

Ranjith M.

Marco is very knowledgeable and helpful to a starter investor like myself. He navigated us through the whole process and promptly assisted us when necessary to close on our first purchase.

Whitney W.

Marco is extremely professional and helpful. He is your go-to person for investment real estate.

Sebastian van de Poppe (Holland)

I have to say that I'm really happy with the purchase.

J. Chen

Norada Real Estate is an excellent resource for anyone looking to invest in real estate. I enjoyed working with Marco Santarelli, and he was a great help through the entire process.

S. Kornbluth

I love your setup. It makes my job a heck of a lot easier.

K. Bassett

One thing I like about your company is the ability to be in several different markets to help diversify my real estate portfolio.

Tom K.

I consider myself fortunate to have found Marco and Norada Real Estate because they have access to numerous cities and really are a turnkey operation for the long distance investor. I am looking forward to expanding my real estate portfolio and would not hesitate to use Marco and Norada again.

Patrick and Ryan M.

Want you to know that Ryan and I enjoyed working with you and wouldn’t mind acquiring more properties from you in the future.

Emily

You are awesome! Thanks for the advice and guiding me through each step.

William S.

I appreciate the continued excellent customer service and advice that was provided along the way.

Tom Kostek

Insights like yours are why people like yourself are so valuable on my team.

Brandon Laughridge

I'm a big fan of all the info you guys publish and appreciate it.

Cameron C.

Friendly staff and great communication. I always felt like I was involved throughout the process. Property closed quickly.

Cherie Anderson

Marco stepped up to the plate and became an exceptionally well versed, educated and valuable provider of quality properties and resources for anyone buying.

Paul Janerico

I am very impressed with your website and more importantly your investor approach. I like transparency and your success is proving that investors like transparency as well.

Ian Y.

I appreciate your first-rate presentations and professionalism. You are head of the class.

Tushar Puri

Transaction was pretty smooth. All my questions were handled in timely fashion and to my satisfaction. Overall, great experience.

A.U. New York

Marco is one of the smartest real estate guys I spoke to in the last four years!"

Liz Nowlin

I can't say enough about Norada's top notch, all-around professionalism. As someone who conducts business-to-business transactions, I can vouch that they are an absolute pleasure to work with.

Chris K.

I would definitely consider Norada since Marco is very active in BP. In addition, he is very responsive and knowledgeable!

Robert I.

Norada provided me with great service and they were flexible with some of my issues during the transaction process.

Ralph Franks

In the 4-1/2 years I've been looking at Real Estate companies online, I've yet to see a turn-key property company that I think is better than Norada.

Emily D.

Marco made it very easy for me as an out of state investor. His expertise in the markets makes me feel very reassured.

Mark Rosenberg, Esq.

I appreciate the great level of service that you guys gave, and will definitely keep you in mind for future deals.

Jonathan L.

The entire investment property ordeal was very foreign to me, despite the research that I was able to do prior. I want to commend Marco for being so transparent, informative, and diligent with me; you are a great businessman!

Tom Kostek

My wife and I connected with Marco and he was very knowledgeable and helpful in assisting us purchasing a duplex in Indianapolis. His network covers all aspects of the purchase with very few surprises. We are looking forward to working more with him and his team in the near future.

Bryan Dunker

The process was incredibly easy and the investment exceeded our objectives. Thank you for providing us the opportunity to hit a home run and strengthen our financial portfolio!

Sebastian Van de Poppe

I'm an investor from the Netherlands (Europe) and trust is the most important factor for me. Marco earned my trust over and over by his knowledge and his excellent service.

Patrick and Ryan M.

Marco and his team were very responsive, thorough and honest. I have already recommended them to other investors.

Tyler Caruso

Everything went as planned. Everyone Norada lined up was easy to work with. Couldn't ask for an easier transaction. I am very satisfied with my investment.

Derek Pines

Marco was professional, helpful and informative throughout my initial investment opportunity. His knowledge, guidance and support made my experience exceptional!

S. Thompson

Your company and website provide an awesome resource for the aspiring ‘turn-key’ investor.

LeRand D.

Marco is not only full of knowledge and experience, he goes out of his way to share that information by making himself extremely accessible. His patient guidance on everything from property purchasing to asset protection has made my foray into the highly stressful world of real estate investing a genuine pleasure. I look forward to working with Marco many more times in the future.

Daniel Brown

Simple process and very reliable guidance -- buying through Norada is a breeze!

E. Hauber

Your commitment to always give value to your prospects (web site tools, blog, personal time, etc.) is a terrific distinguishing attribute and sets Norada apart from other real estate firms.