3280 E 121st Street,Cleveland, OH 44120
Cleveland, OH 44120
Description
ATTENTION INVESTORS: CASH COW!!! CASHFLOW FROM DAY 1 WITH SECTION 8 TENANT ALREADY IN PLACE! 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!
Details
| MLS # | 5241608 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1920 |
| Days On Site | 59 |
| Listing Provided By | Team Results Realty | Scott A Marvin |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,404 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.11 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Taxes
| Tax Annual Amount | 1389 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44120 |
| Community Name | Crawford Woodhill |
| Listing VS Median (in Crawford Woodhill) | |
Price: $142,400 low | high Med: $105,000 sqft: 1,404 low | high Med: 1,056 $ / sqft: $101 low | high Med: $99 On site: 59 low | high Med: 72 | |
Market Activity 44120
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44120 |
| Community Name | Crawford Woodhill |
| Listing VS Median (in Crawford Woodhill) | |
Price: $142,400 low | high Med: $105,000 sqft: 1,404 low | high Med: 1,056 $ / sqft: $101 low | high Med: $99 On site: 59 low | high Med: 72 | |
