USAOHMayfield HeightsDwight J Walker Allotment6601 Ridgeview Rd

$200,000

For Sale

2 months 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 64

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

Commute

Commute

Starting Address

Destination Address

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