1775 Wheeler Avenue
East Cleveland, OH 44112

Listed at $80,000

Details

  • MLS# 5183665
  • Residential - Single Family
  • Status Pending
  • 7 Bedrooms
  • 2 full Bathrooms
  • 2,951 Square Feet
  • 0.176 acres
  • Built in 1901
  • East Cleveland City Local Schools
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Description

Investor Alert Cash-Flowing Asset with Upside in East Cleveland 1775 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 a little under $3,000 per month in gross rental income with 5/7 rooms rented. 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...read more 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 inspectionOpportunities like this?cash-flowing, value-add, and positioned near major redevelopment?are 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.

Features

  • None
  • Forced Air, Gas
  • 3.0 Stories
  • $1,797 / year Taxes
  • Public
  • Built in 1901
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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Unfinished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 38
  • Exterior: Aluminum Siding, Vinyl Siding
  • Garage: 2
  • Heating: Forced Air, Gas
  • Home Style: Colonial
  • Laundry: In Basement
  • Lot Size: 0.18 Acres
  • Parcel#: 672-10-050
  • Parking: Detached, Garage
  • Patio/Porch: Deck, Front Porch, Porch
  • Roof Type: Slate
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $1,797 / year
  • Water: Public
  • Year Built: 1901