$74,900

1775 Wheeler Avenue, East Cleveland, OH 44112

  • 7 beds |
  • 2 baths |
  • 2,951 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon7,684sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $25/sqft
  • Property List Date Icon Listed 2 months ago

Property 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 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.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 5:19AM
Listing Office:
EXP Realty, LLC. : 866-212-4991
Listing Agent:
Nicole M Garcia : 440-710-4447
MLS ID:
5183665
  • Laundry: In Basement
  • Basement: Unfinished
  • A/C: None
  • Heating: Forced AirGas
  • Fireplace: Fireplaces: 0
  • Style: Colonial
  • Other Structures: PorchFront PorchDeck
  • Parking: DetachedGarage
  • Roofing: Slate
  • General: Aluminum SidingVinyl SidingThree Or More
  • Originating MLS: NOWDD_NORM
  • School District: East Cleveland CSD - 1812
  • County: Cuyahoga
  • Zoning: 382 THOMPSON 0004 ALL672-10-050
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Nicole M Garcia , EXP Realty, LLC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mayfair Elementary School

13916 Mayfair Ave, Cleveland, OH, 44112

Grades 3-5

0.62 miles away

W

W.H. Kirk Middle School

14410 Terrace Rd, Cleveland, OH, 44112

Grades 6-8

0.61 miles away

S

Shaw High School

15320 Euclid Ave, Cleveland, OH, 44112

Grades 9-12

1.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.