About This Home
This 4-bedroom, 2-bathroom single family at 1509 Maple Road in Cleveland Heights, OH is listed for $200,000 ($107 per sqft). Built in 1925, the home offers 1,876 sqft of living space on a 0.18 acres lot.
Key Features
- Built in 1925
- 0.18 acre lot
- 2 stories
Property Details
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 Quill
iams 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!
Monthly Cost Estimate
$1,070/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1509 Maple Road
Cleveland Heights, OH 44121
Park Hill
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom single family at 1509 Maple Road is listed at $200,000 ($107/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1925, 0.18 acre lot, 2 stories.
This property is listed by Jesse R Kracht and can be reached at 4402125656.
