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!
Based on the average sale price from the Youngstown, OH office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
3280 E 121st Street Cleveland, OH is a Single Family Home for sale at $142400 with 1404 sqft and a lot size of 0.1117 Acres Acre(s). 3280 E 121st Street Cleveland has 5 bedrooms, 2 baths and was built in 1920. The property's zip code is 44120 which is in Cleveland, OH
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
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