Property Description
Exceptional investment opportunity in Cleveland's growing Glenville neighborhood! This all-brick 6-unit apartment building offers investors the chance to generate significant cash flow with a projected rental potential of approximately $1,200 per unit per month. The property features spacious apartment units, many with vinyl replacement windows, while some kitchens and bathrooms appear to have been updated, providing added appeal for future tenants. Each unit is served by its own forced-air furnace, offering individual heating systems and added convenience for property management.
The solid brick construction provides durability and long-term value for any investor's portfolio. Conveniently located just minutes from the world-renowned Cleveland Clinic, Case Western Reserve University, and the cultural and educational amenities of University Circle, this property is ideally positioned to attract tenants seeking proximity to healthcare, education, and major employment centers.
Whether you're looking to expand your portfolio or acquire a value-add multifamily asset with strong income potential, this 6-unit building presents an outstanding opportunity. With potential gross rental income approaching $7,200 per month at market rents, the numbers make this property worthy of consideration. Sold as-is.
Property Features
Property Type: Commercial - Business
Basement: Full, Unfinished
Basement: Yes
Days on Market: 29
Heating: Forced Air
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $3,594 / year
Year Built: 1913
Feature Descriptions
Parcel#: 107-03-001
Parking: On Street
Sewer: Public Sewer
Units: 6
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
932 Wheelock Road | MLS# 5215295
This commercial property located at 932 Wheelock Road, Cleveland, OH 44103 is currently listed for sale with an asking price of $179,900. Wheelock Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.kaszycarealestate.com today.