$94,900
FOR SALE1775 Wheeler Avenue
East Cleveland, Oh, 44112
MLS #5183665
Subdivision: As Thompsons Sub
Building: -
7 Beds
2/- Baths
2951 sqft
$ 32.16 /sqft
Investor Alert Cash-Flowing Asset with Upside in East Cleveland1775 Wheeler Ave, East Cleveland, OH 44112 presents a rare opportunity for the savvy investor seeking immediate income with strong value-add potential. This expansive single-family residence offers over 2,900 square feet, 7 bedrooms, 2 full bathrooms, and a 2.5-car garage, currently operated as a room-rental property and fully occupied, generating over $3,000 per month in gross rental income.The property is rental-ready today, providing instant cash flow from day one. For investors with a renovation vision, the after-repair value is estimated at $246,000, creating a compelling upside play in a rapidly evolving market.Strategically located just five minutes from the $60M Circle East Development Project, this asset benefits from proximity to one of the areas most significant revitalization initiatives, positioning it well for future appreciation and tenant demand.Additional highlights include: Existing property manager willing to remain in place, ensuring a seamless transition Ideal for investors seeking hands-off management Pending POS inspection Driveway needed, reflected in pricing and upside opportunityOpportunities like thiscash-flowing, value-add, and positioned near major redevelopmentare increasingly difficult to find. Whether youre expanding your portfolio or securing a high-yield asset in a growth corridor, this property demands immediate consideration.Serious investors only. Properties with income, scale, and future upside do not last.
-
The data relating to real estate for sale on this web site comes in part from various real estate boards and MLSs across the United States.
Information is deemed reliable but not guaranteed. Copyright, all rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Listing Courtesy of: EXP Realty LLC
