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

311

MLS® 5224505

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 1006 sqft
Garage Yes
Taxes $5,179
Days Active 64
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

Last Sold Price

$125,000$125K

Appreciation

--

Avg. Days Listed

5 days

Today, For Sale for $200,000

For Sale · 64 days

$200,000

MLS® 5224505

2 months ago

Not Sold Yet

July 2026, For Sale for $200,000

For Sale · 64 days

$200,000

MLS® 5224505

2 months 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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