3280 E 121st ST Cleveland, OH 44120
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,404 sqft
Price per Sqft $101
Subdivision Crawford-Woodhill
MLS Listing ID 5241608
Style Traditional
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,404
Year Built 1920
Annual Tax Amount $1,389
Tax Year 2025
Lot Size 4,865 Sqft
Acres 0.1117
Property Sub-Type Single Family Residence
Stories Two
Story Two
Property Description
No need to wait 6 months to get it renovated and rented generating 100% rent from Uncle Sam. TURNKEY LISTING WITH TENANT IN PLACE! HUGEE RENTS!
$1,954 per month — $23,448 annually!! Practically prints money!
MASSIVE DSCR RATIO! Do the math!!
Large 5-bedroom, 2-bath Cleveland rental currently generating The housing authority (CMHA) currently pays 100% of the rent, with a $0 tenant portion, providing reliable government-paid monthly income with minimal collection risk.
TLocated in Cleveland's 44120 rental corridor near Shaker Heights, Shaker Square, Buckeye–Shaker, Larchmere, University Circle, major hospitals, public transit, and downtown routes. The location benefits from stronger voucher rents associated with the surrounding Shaker-area market, while the owner still receives the advantage of lower Cleveland property taxes and no Heights POS escrow requirements.
Major capital improvements have already been completed, including a complete remodel with fresh interior and exterior paint, a partial roof replacement, a new A/C unit, newer dual pane vinyl windows (no more lead based paint window probs!)
LEAD BASED PAINT INSPECTED AND CERTIFIED!
This is an income-producing property with much of the major upfront work already handled. Remodel, tenant placement process, and large capex expenses!
BONUS! Top tier Luke Park and community center is just around the corner, offering nearly professional fields, basketball and tennis courts, a gym, classes, skating, boxing, swimming pools, and other amenities that help support strong tenant demand.
Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Central Air, None
Fireplace No
Window Features Double Pane Windows
Appliance Range, Refrigerator
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Fiberglass,Shingle
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 130-04-135
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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