Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1950
Sq.Footage
1,006
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!
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
1
-
Above Grade Finished Area
1006.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Main Level Bedrooms
3
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Aluminum Siding
-
Parking
Attached, Garage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1598
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Ranch
Price
-
Sales Price
$200,000
-
Tax Amount
$5,179
-
Sq. Footage
1,006
-
Price/SqFt
$198
HOA
-
Association
No
School District
-
Elementary School
Mayfield CSD - 1819
-
Middle School
Mayfield CSD - 1819
-
High School
Mayfield CSD - 1819
Property Features
-
Stories
1
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Mayfield CSD - 1819
Middle School
Mayfield CSD - 1819
High School
Mayfield CSD - 1819
Listing Courtesy of Jesse R Kracht , Russell Real Estate Services
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AGENT
Tylier Dawley
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