6601 Ridgeview Road
Mayfield Heights, OH 44124
$3,200,000
16 Total Photos [Click to View All]
Listing Details
- $3,200,000
- MLS# 5222686
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
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...read more
Features
- Forced Air
- 1.0 Story
- $60,098 / year Taxes
- Public
- Built in 1950
Gallery
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Listed By
Agency Name: Russell Real Estate Services
Agency Contact: jessek.cst@gmail.com, 440-212-5656
Shown By
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
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