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$205,000
4 Beds 2 Baths 5235073 MLS
Turnkey investment opportunity or owner occupant in the desirable City of South Euclid! This spacious 4-bedroom, 1.5-bath home offers approximately 1,524 square feet of living space and is currently tenant occupied at $1,795 per month, providing immediate cash flow for investors. The property features generous room sizes, hardwood flooring, a spacious kitchen with abundant cabinetry, an updated full bathroom with double vanity, and additional finished lower-level space ideal for recreation, storage, or flexible use. Large windows throughout provide excellent natural light, while the functional floor plan offers comfortable living for tenants and future homeowners alike. The current tenant is on a month-to-month lease and would like to remain, offering flexibility for both investors seeking continued rental income and owner-occupants planning a future move-in. Conveniently located near shopping, dining, parks, schools, public transportation, and major highway access. Whether you're looking to add a performing asset to your portfolio or purchase a home with future occupancy options, this South Euclid property presents an outstanding opportunity.

3802 Fairoaks Road, South Euclid

Listing Courtesy of: Harvey R Lewis, harveytherealtor@gmail.com With Century 21 Premiere Properties, Inc.

$200,000
2 Beds 1 Baths 5224513 MLS
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!

857 Quarry Drive, Cleveland Heights

Listing Courtesy of: Jesse R Kracht, jessek.cst@gmail.com With Russell Real Estate Services

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