Wilshire Manor Apartments
Address: 30600 Euclid Avenue, Wickliffe Ohio 44094
Sale Price: $2,500,000
Number of Units: 28
Occupancy: 96%
Built in 1962, Wilshire Manor is a 28-unit low-rise apartment complex in the suburb of Wickliffe, Ohio. Wilshire Manor offers 1-bedroom apartment homes with fully equipped kitchens, laundy on-site and offers convenient off-street parking for tenants and visitors. Approximately half of the units have been fully renovated, including fresh paint, new carpet and LVT Flooring.
The new owner can continue renovating units to achieve a higher rent premium, however current ownership has also successfully proven increasing rents at units in as-is condition. Located in a residential community on a main thoroughfare, the property is just minutes away from numerous highways, hospitals, schools, a variety of dining and retail options, and is conveniently located on a bus line.