1775 Wheeler Avenue | East Cleveland
Investor Alert \u2013 Cash-Flowing Asset with Upside in East Cleveland\r\n1775 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.\r\nThe 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.\r\nStrategically located just five minutes from the $60M Circle East Development Project, this asset benefits from proximity to one of the area\u2019s most significant revitalization initiatives, positioning it well for future appreciation and tenant demand.\r\nAdditional highlights include:\r\n\u2022 Existing property manager willing to remain in place, ensuring a seamless transition\r\n\u2022 Ideal for investors seeking hands-off management\r\n\u2022 Pending POS inspection\r\n\u2022 Driveway needed, reflected in pricing and upside opportunity\r\nOpportunities like this\u2014cash-flowing, value-add, and positioned near major redevelopment\u2014are increasingly difficult to find. Whether you\u2019re expanding your portfolio or securing a high-yield asset in a growth corridor, this property demands immediate consideration.\r\nSerious investors only. Properties with income, scale, and future upside do not last. MLSNow 5183665 Directions to property: Take E 185th St Exit from I-90. Go South toward Euclid Ave. Take Euclid Ave. to Wheeler Ave and head South toward house.
Information deemed reliable but not guaranteed. Zid Realty & Associates is a member of the National Association of REALTORS® Equal Housing Opportunity