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!
Single-familyProperty Type
1948Year Built
6,751 sq ftLot Size
$177Price/Sq.Ft.
2 car garageParking
Listed by Jesse Kracht• Russell Real Estate Services
This classic Lyndhurst Garrison Colonial includes three bedrooms and one bath with newer windows throughout. The living room, dining room and all three bedrooms offer hardwood floors. The generous back yard includes a double car garage. This is a sturdy brick exterior home needing work to bring it back to life, and is being sold "As Is. " Come and take a look at the opportunities awaiting you to make it your own.
The purposes of this chapter are as follows: To provide for single-family residential uses where they are compatible with existing residential development within the City
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Other
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 96° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Lyndhurst, OH • 44124
Average low and high temperatures (°F)
28
16
36
22
54
34
63
43
66
50
79
63
84
68
80
63
76
58
65
48
50
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4847 Farnhurst Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $180,000 and $230,000.
Nearby comparable homes
The Redfin Estimate uses 2 recent nearby sales, priced between $180K to $230K.