7220 Deveny Road, Cleveland, OH 44105

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
7220 Deveny Road,Cleveland, OH 44105
$200,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: jesse r kracht
Office: russell real estate services
MLS#:5224641
Source:OH_NORMLS

Price summary

  • Price:$200,000

About this home

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,...

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Home facts

  • Year built:1900
  • Listing ID #:5224641
  • Added:5 day(s) ago
  • Updated:July 09, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1900
  • Lot area:0.1 Acres
  • Architectural Style:Colonial
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$200,000
  • Tax amount:$516 (2025)

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:1
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