16
See all 16 photos
$3,200,000
Est. payment /mo
6,960 Sqft Lot
New
6601 Ridgeview RD Mayfield Heights, OH 44124
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Dwight J Walker Allotment
MLS Listing ID 5222686
HOA Y/N No
Year Built 1950
Annual Tax Amount $60,098
Tax Year 2025
Lot Size 6,960 Sqft
Acres 0.1598
Property Sub-Type Apartment
Property 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!
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!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Multi-Family
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Mayfield Csd - 1819
Others
Tax ID 862-35-028
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Jesse R Kracht • Russell Real Estate Services • jessek.cst@gmail.com, 440-212-5656
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION