Listed By
Agency Name: Lokal Real Estate, LLC.
Agency Contact: 216-252-6580, marketing@lokalrealestate.com
Shown By
Agent Name: Christopher Rosen
Agent Phone: (614) 582-8833
Agency Title: Cutler Real Estate
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Property Description
Welcome to 3427 E 121st Street, a strong income-producing single-family home featuring 3 bedrooms and 1 bathroom, offering an excellent opportunity for investors seeking reliable cash flow and long-term stability. This Section 8 occupied property is currently generating impressive rental income, with CMHA paying $1,411 per month and the tenant contributing an additional $357, for a total monthly rent of $1,768 per month. At the current asking price, this property shatters the traditional 1% rule, approaching nearly 2% monthly returns, making it a standout cash-flow opportunity in today's market. In addition to its strong income performance, the property has received several key updates that provide peace of mind for long-term ownership. Improvements include a furnace that is approximately 5 years old, a hot water tank that is also around 5 years old, along with a new roof and new windows installed throughout the home. With dependable rental income already in place and important mechanical updates completed, 3427 E 121st Street represents a turnkey investment opportunity for both new and experienced investors looking to expand their Cleveland portfolio. This property can also be sold as part of a portfolio opportunity including 3198 E 118th Street (MLS #5192517), 3261 E 119th Street (MLS #5192541), and 3286 E 140th Street (MLS #5192677). Reach out to your favorite Realtor today to schedule a showing ? this opportunity will not last long.
Property Features
Property Type: Residential - Single Family
Basement: Concrete, Unfinished
Basement: Yes
Cooling: None
Days on Market: 5
Garage: 2
Heating: Forced Air
Home Style: Colonial, Traditional
Lot Size: 0.14 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $462 / year
Year Built: 1917
Feature Descriptions
Exterior: Wood Siding
Parcel#: 130-22-069
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public
Room Sizes
Dining Room: 10.11 X 13.4 Level - First
Kitchen: 10.11 X 10.11 Level - First
Utility Room: 5.9 X 24.7 Level - Basement
Laundry: 11.2 X 6.8 Level - Basement
Recreation: 21 X 24.7 Level - Basement
Bedroom: 11.1 X 11.1 Level - Second
Primary Bedroom: 14.4 X 10.1 Level - Second
Bedroom: 10.2 X 10.1 Level - Second
Bathroom: 6.8 X 7.6 Level - Second
Sunroom: 10 X 7.2 Level - First
Living Room: 14.4 X 17.1 Level - First
Local Schools
School District: Cleveland Municipal - 1809
Estimate Your Payment
Estimated Payment
$ 555.57 per month $487.90 Principal & Interest $38.50 Property Tax $29.17 Homeowner's InsuranceChange Payment Information
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3427 E 121st Street | MLS# 5192555
This single family home located at 3427 E 121st Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $100,000. This property was built in 1917 and has 3 bedrooms and 1 full baths with 2442 sq. ft. E 121st Street is located in the Mt Pleasant View subdivision within the Cleveland Municipal - 1809 school district. Search Mt Pleasant View real estate on crosen.cutlerhomes.com today.