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USAOHMayfield HeightsDwight J Walker Allotment6601 Ridgeview Rd
Listing image | Image 1

6601 Ridgeview Rd, Mayfield Heights, OH

Condo

For Sale

Listed price in listed location currency (USD).
$3,200,000

000

MLS® 5222686

Overview

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
Maintenance Fees 
Taxes $60,098
Days Active 4
Approx. Age 1950
MLS® Number 5222686

Property Address: 6601 Ridgeview Rd, Mayfield Heights, OH, 44124-3626

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3, 200, 000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33, 685/month in scheduled rental income ($404, 220 annually). Based on provided income and property taxes, the portfolio produces approximately $344, 121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33, 685/month rental income • $404, 220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!
MLS® Number5222686
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1950
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/C

Extras

Price History

Last Sold Price

$125,000$125K

Appreciation

--

Avg. Days Listed

5 days

Today, For Sale for $3,200,000

6601 Ridgeview Rd. Mayfield Heights
For Sale · 4 days

$3,200,000

MLS® 5222686

5 days ago

Not Sold Yet

June 2026, For Sale for $3,200,000

6601 Ridgeview Rd. Mayfield Heights
For Sale · 4 days

$3,200,000

MLS® 5222686

5 days ago

Not Sold Yet

December 2024, Sold for $125,000

View of front of house featuring a front yard and a garage
Sold · 5 days

$125,000$120,000

MLS® 5091246

2 years ago

Sold on Dec 29, 2024

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