USAOHMayfield HeightsDwight J Walker Allotment6601 Ridgeview Rd

$200,000

For Sale

12 days ago

6601 Ridgeview Rd, Mayfield Heights, OH

Name: 6601 Ridgeview Rd, For Sale in Mayfield Heights - eXp Realty
Brand: Russell Real Estate Services
SKU: 5224505
Price: 200000 USD

House

MLS® 5224505

3 Bed

1 Bath

1006 sqft

1 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1006 sqft

Garage Yes

Taxes $5,179

Days Active 11

Lot Size 0.1598 Acres

Approx. Age 1950

Avg. Price Per Sqft $198

MLS® Number 5224505

Property Address: 6601 Ridgeview Rd, Mayfield Heights, OH, 44124-3626

Average square foot calculated using Size range provided by listing agent.

Description

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!

MLS® Number5224505

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1950

Basement

DrivewayAttached, Garage

Garage Spaces

HeatForced Air

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 3, 2026List Date

$200,000List Price

Dec 29, 2024End Date

$125,000Sold Price

Sold

Dec 23, 2024List Date

$120,000List Price

Home Appraisal

This property is estimated to sell between: $200,000 and $353,000.

Similar properties in this area sold on average for: $301,750

Expected to sell in 8 days. Similar properties sold in 19 days. This home has been on eXp Realty for 11 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Destination Address

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