About This Home
This 0-bedroom, 0-bathroom commercial at 6601 Ridgeview Road in Mayfield Heights, OH is listed for $3,200,000. Built in 1950, on a 0.16 acres lot.
Key Features
- Built in 1950
- 0.16 acre lot
Property Details
***Recent appraisals available upon request on majority of properties***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
$17,114/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6601 Ridgeview Road
Mayfield Heights, OH 44124
Dwight J Walker Allotment
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 6601 Ridgeview Road is listed at $3,200,000. The estimated monthly payment is $17,114 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.16 acre lot.
This property is listed by Jesse R Kracht and can be reached at 4402125656.