4349 Ardmore Road, South Euclid, OH 44121

• 3 beds |
• 2 baths |
• 1,678 sqft

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!

Listing Status:

Active

Data Last Updated:

July 4, 2026 at 6:19PM

Listing Office:

Russell Real Estate Services : 440-572-3100

Listing Agent:

Jesse R Kracht : 440-212-5656

MLS ID:

5224626

Interior

• Basement: Full
• A/C: Central Air
• Heating: Forced AirGas
• Fireplace: FireplaceFireplaces: 1
• Disability Feature: None

Exterior

• Style: Colonial
• Other Structures: PorchDeck
• Pool: Community
• Parking: DetachedElectricityGarageGarage Door OpenerPaved

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: South Euclid-Lyndhurst - 1829
• County: Cuyahoga

Lot

• Zoning: 702-20-021
• View: CityView
• Fencing: Chain LinkWood

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM