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932 Wheelock Rd 6 Unit Apartment Building $189,900 ($31,650/Unit) Cleveland, OH 44103
Executive Summary
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 Facts
| Price | $189,900 | Building Class | C |
| Price Per Unit | $31,650 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,560 SF |
| Sale Condition | Distress Sale | Average Occupancy | 80% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| Price | $189,900 |
| Price Per Unit | $31,650 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,560 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | MF |
Amenities
Site Amenities
- Walking/Biking Trails
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 107-03-001 | Improvements Assessment | $32,830 |
| Land Assessment | $1,855 | Total Assessment | $34,685 |
Property Taxes
Parcel Number
107-03-001
Land Assessment
$1,855
Improvements Assessment
$32,830
Total Assessment
$34,685
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932 Wheelock Rd
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