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7220 Deveny Road

Cleveland, OH 44105
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Bed 3

Bed

Bath 2

Bath

Acres0.10

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : Residential

Price : $200,000

AD Id : 87577588

MLS Id : 5224641

Beds : 3

Lot Size : 0.10 Acre

Year Built : 1900

Garage : 1

County : Cuyahoga

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Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Roofing Information

    Asphalt, Fiberglass
  • Interior Features

    Roof: Asphalt, Fiberglass
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1900 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 36X125 Main Square Feet: 0.1 Acres Lot Size Acres: 0.1 Lot Size Source: Assessor

  • Listing Price Information

    Listing Price: $200000 Cash, Conventional

  • Tax Information

    Parcel Number: 134-11-033 Tax Year: 2025 Annual Tax: $516

  • Parking Information

    Detached, Garage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: See list of portfolio for list of addresses WaterSource: Public
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Nearby Home Value

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4289 E 136th Street, Cleveland, OH, 44105 $49,900 3 1 1,671 1,671 SqFt
4273 E 136 St, Cleveland, OH, 44105 $72,500 3 1 --
13301 Caine Avenue, Cleveland, OH, 44105 $137,900 3 1 1,470 1,470 SqFt
13316 Edgewood Avenue, Cleveland, OH, 44105 $104,900 3 2 1,144 1,144 SqFt
4302 E 131st Street, Cleveland, OH, 44105 $70,000 3 1 --
13302 Durkee Avenue, Cleveland, OH, 44105 $135,000 3 1 1,228 1,228 SqFt
13120 Crennell Avenue, Cleveland, OH, 44105 $98,000 3 1 2,060 2,060 SqFt
4225 E 128th Street, Cleveland, OH, 44105 $85,000 3 1 1,635 1,635 SqFt
12816 Dove Avenue, Cleveland, OH, 44105 $99,900 3 1 1,000 1,000 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 07/04/2026 @ 07:07

MLS: 5224641 LISTED BY: Jesse Kracht, Russell Real Estate Services 440-572-3100 SOURCE: MLS Now

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