Byron Stavrou
REALTOR®, Emeritus
BEDS3
BATHS2 full
MLS#5224641
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLCleveland Municipal - 1809
Property 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!
Property Features
Property Type: Residential - Single Family
Basement: Full
Basement: Yes
Cooling: Central Air
Garage: 1
Heating: Forced Air, Gas
Home Style: Colonial
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $516 / year
Year Built: 1900
Feature Descriptions
Days on Site: 1
Exterior: Vinyl Siding
Parcel#: 134-11-033
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Room Sizes
Bedroom: 10 x 6 Level - First
Bedroom: 14 x 10 Level - Second
Living Room: 14 x 11 Level - First
Kitchen: 15 x 11 Level - First
Dining Room: 12 x 11 Level - First
Primary Bedroom: 10 x 7 Level - First
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: jessek.cst@gmail.com, 440-212-5656
Shown By
Agent Name: Byron Stavrou
Agent Phone: (330) 495-1762
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 984.86 per month $883.53 Principal & Interest $43.00 Property Tax $58.33 Homeowner's InsuranceChange Payment Information
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7220 Deveny Road | MLS# 5224641
This single family home located at 7220 Deveny Road, Cleveland, OH 44105 is currently listed for sale with an asking price of $200,000. This property was built in 1900 and has 3 bedrooms and 2 full baths. Deveny Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on bstavrou.dehoff.com today.