Tim Schaff
email- tschaff@dehoff.com
REALTOR®
BEDS3
BATHS1 full
SQUARE FEET1,393
MLS#5224508
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONRound Belvoir 02
SCHOOLSouth Euclid-Lyndhurst - 1829
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: None
Cooling: None
Fireplaces: 1
Garage: 2 car attached
Heating: Radiant
Home Style: Bungalow
Lot Size: 0.24 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $3,855 / year
Year Built: 1947
Feature Descriptions
Days on Site: 1
Exterior: Aluminum Siding, Brick, Vinyl Siding
Laundry: Main Level
Parcel#: 701-15-022
Parking: Attached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: South Euclid-Lyndhurst - 1829
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: Tim Schaff
Agent Phone: (330) 418-2503
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 1,263.11 per month $883.53 Principal & Interest $321.25 Property Tax $58.33 Homeowner's InsuranceChange Payment Information
Tim Schaff
Cell: (330) 418-2503
Email Me
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4011 Lancaster Road | MLS# 5224508
This single family home located at 4011 Lancaster Road, South Euclid, OH 44121 is currently listed for sale with an asking price of $200,000. This property was built in 1947 and has 3 bedrooms and 1 full baths with 1393 sq. ft. Lancaster Road is located in the Round Belvoir 02 subdivision within the South Euclid-Lyndhurst - 1829 school district. Search Round Belvoir 02 real estate on tschaff.dehoff.com today.