3427 E 121st Street Cleveland, OH — $100,000

3427 E 121st Street | Cleveland

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.\r\n\r\nThis 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\u2019s market.\r\n\r\nIn 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.\r\n\r\nWith 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.\r\n\r\nThis 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).\r\n\r\nReach out to your favorite Realtor today to schedule a showing \u2014 this opportunity will not last long. MLSNow 5192555 Directions to property: From I-90 East, take the exit for Martin Luther King Jr. Drive and head south. Continue on Martin Luther King Jr. Drive, then turn left onto Kinsman Road. Follow Kinsman Road and turn right onto E 121st Street. Continue north on E 121st Street \u2014 3427 E 121st Street will be on your right.