1775 Wheeler Ave

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 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 area’s 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 Opportunities like this—cash-flowing, value-add, and positioned near major redevelopment—are increasingly difficult to find. Whether you’re 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.