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… Read More 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. Read Less
Courtesy of Lokal Real Estate, LLC. and Keyano Burgess
Listing Snapshot
Days Online
24
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Lot Size
0.14 Acres
Year Built
1917
MLS Number
5192555
30 Days Snapshot Of 44120
$112k
+20%
(avg) sold price
3
0%
homes sold
131
+67%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Concrete, Unfinished
Building
Built in 1917, Architectural style: Colonial, Traditional, Construction materials: WoodSiding, Levels: Two, Living area units: SquareFeet, 2, 2 total stories
Garage
2 garage spaces
Heating
ForcedAir
Lot
0.1359 acres
Energy Saving
Green energy efficient: Appliances
Parking
Driveway, Detached, Garage
Roof
Asphalt, Shingle
Sewer
PublicSewer
Taxes
Year: 2024
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes-MLS. Real estate listings held by brokerage firms other than Keller Williams Legacy Group Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker(s). Information is deemed reliable but not guaranteed. Listings last updated . Some properties which appear for sale on this website may subsequently have sold and may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.