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6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo
6601 Ridgeview Road, Mayfield Heights, OH 44124 Photo

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6601 Ridgeview Road Mayfield Heights, OH 44124
$3,200,000
Active / MLS# 5222686 / Commercial - Business / Mayfield Heights
0 Beds

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!

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Property Details

Property Type: Commercial - Business
Heating: Forced Air
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 1.0
Taxes: $60,098 / year
Year Built: 1950

Feature Descriptions

Days on Site: 1
Parcel#: 862-35-028
Sewer: Public Sewer
Water: Public

Schools

School District: Mayfield City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: jessek.cst@gmail.com, 440-212-5656

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