3427 E 121st Street
Cleveland, OH 44120

Listed at $100,000

Details

  • MLS# 5192555
  • Residential - Single Family
  • Status Active
  • 3 Bedrooms
  • 1 full Bathrooms
  • 2,442 Square Feet
  • 0.136 acres
  • Built in 1917
  • Cleveland Municipal - 1809 Local Schools
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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,...read more 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.

Features

  • None
  • Forced Air
  • 2.0 Stories
  • $462 / year Taxes
  • Public
  • Built in 1917
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:14:02 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Concrete, Unfinished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 2
  • Exterior: Wood Siding
  • Garage: 2
  • Heating: Forced Air
  • Home Style: Colonial, Traditional
  • Lot Size: 0.14 Acres
  • Parcel#: 130-22-069
  • Parking: Driveway, Detached, Garage
  • Roof Type: Asphalt, Shingle
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $462 / year
  • Water: Public
  • Year Built: 1917