3280 E 121st St Cleveland, OH 44120
Mount Pleasant NeighborhoodEstimated payment $926/month
Highlights
- Traditional Architecture
- Double Pane Windows
- Wood Siding
- No HOA
- Forced Air Heating and Cooling System
About This Home
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!
Listing Agent
Team Results Realty Brokerage Email: 614-382-2124, scottamarvin@gmail.com License #2018003245 Listed on: 09/02/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,389
Year Built
- Built in 1920
Lot Details
- 4,866 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Block Foundation
- Shingle Roof
- Fiberglass Roof
- Wood Siding
Interior Spaces
- 1,404 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Crawford Woodhill Subdivision
Listing and Financial Details
- Assessor Parcel Number 130-04-135
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,288 | $19,250 | $3,955 | $15,295 |
| 2024 | $1,288 | $19,250 | $3,955 | $15,295 |
| 2023 | $1,016 | $13,100 | $2,630 | $10,470 |
| 2022 | $1,010 | $13,090 | $2,630 | $10,470 |
| 2021 | $1,000 | $13,090 | $2,630 | $10,470 |
| 2020 | $999 | $11,310 | $2,280 | $9,030 |
| 2019 | $925 | $32,300 | $6,500 | $25,800 |
| 2018 | $922 | $11,310 | $2,280 | $9,030 |
| 2017 | $1,187 | $14,040 | $2,280 | $11,760 |
| 2016 | $1,178 | $14,040 | $2,280 | $11,760 |
| 2015 | $2,484 | $14,040 | $2,280 | $11,760 |
| 2014 | $2,484 | $14,040 | $2,280 | $11,760 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | Pending | -- | -- | -- | |
| 09/02/2026 09/02/26 | For Sale | $142,400 | +102.3% | $101 / Sq Ft | |
| 03/04/2024 03/04/24 | Sold | $70,380 | -9.8% | $50 / Sq Ft | View Prior Sale |
| 01/08/2024 01/08/24 | For Sale | $78,000 | -- | $56 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $70,380 | Black Tie Title | |
| Warranty Deed | $77,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $56,304 | Credit Line Revolving | |
| Previous Owner | $68,750 | Fannie Mae Freddie Mac | |
| Previous Owner | $65,450 | Purchase Money Mortgage |
Source: MLS Now
MLS Number: 5241608
APN: 130-04-135
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Ask me questions while you tour the home.