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USAOHMayfield HeightsDwight J Walker Allotment6601 Ridgeview Rd
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6601 Ridgeview Rd, Mayfield Heights, OH

House

For Sale

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

311

MLS® 5224505

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1006 sqft
Garage Yes
Taxes $5,179
Days Active 0
Lot Size 0.1598 Acres
Approx. Age 1950
Avg. Price Per Sqft $198
MLS® Number 5224505

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

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

Description

Priced at $200, 000/ house part of a 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® Number5224505
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1950
Basement
DrivewayAttached, Garage
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 3, 2026List Date
$200,000List Price
Dec 29, 2024End Date
$125,000Sold Price

Sold

Dec 23, 2024List Date
$120,000List Price
How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $200,000 and $353,000.
Similar properties in this area sold on average for: $301,750
Expected to sell in 19 days. Similar properties sold in 19 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
6601 Ridgeview Rd, Mayfield Heights, OH

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