6601 Ridgeview Road, Mayfield Heights, OH 44124

Mayfield Heights
Local realty services provided by:ERA Real Solutions Realty
6601 Ridgeview Road,Mayfield Heights, OH 44124
$200,000
  • 3 Beds
  • 1 Baths
  • 1,006 sq. ft.
  • Single family
  • Active
Listed by: jesse r kracht
Office: russell real estate services
MLS#:5224505
Source:OH_NORMLS

Price summary

  • Price:$200,000
  • Price per sq. ft.:$198.81

About this home

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,...

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Home facts

  • Year built:1950
  • Subdivision & Development:Dwight J Walker Allotment
  • Listing ID #:5224505
  • Added:90 day(s) ago
  • Updated:October 02, 2026 at 02:16 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Living area:1,006 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1950
  • Building area:1,006 sq. ft.
  • Lot area:0.16 Acres
  • Architectural Style:Ranch
  • Construction Materials:Aluminium Siding
  • Levels:1 Story, 1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$200,000
  • Price per sq. ft.:$198.81
  • Tax amount:$5,179 (2025)

Parking

  • Parking description:Attached, Garage
  • Garage:Yes
  • Garage spaces:1
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