Multi-Family $ 80,000

11116 Lardet AVE

Cleveland, OH 44104

  • 3 Beds
  • 2 Baths
    Full Baths: 2
  • 3,398 SqFt
  • 4,356 Lot Size
  • 1920 Year Built
Investor opportunity in Cleveland with current rental income in place. Zoned single-family, but set up with 2 separate units and has been used that way for years. Both units are occupied by long-term tenants who would like to stay, offering immediate gross rent of $1,283 per month. Down unit includes 2 bedrooms and 1 full bath; up unit includes 1 bedroom and 1 full bath. Nearly 1,700 sq ft with a full unfinished basement, forced-air gas heat, driveway and rear parking area. The property is located just west of E. 116th with nearby access to shopping, parks, playgrounds, public transportation, and major roadways. Listed at an over 15% CAP rate based on current gross rent and list price. Public records identify the property as a single-family residence; current 2-unit setup is disclosed for buyer due diligence regarding permitted use, zoning, and rental compliance. Seller will consider all offers but prefers cash.
Listed by Michael A Ferrante of LPT Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 398 sqft

    Price per Sqft $23

    MLS Listing ID 5205357

    Bedrooms 3

    Full Baths 2

    HOA Y/N No

    Abv Grd Liv Area 1,699

    Year Built 1920

    Annual Tax Amount $1,155

    Tax Year 2025

    Lot Size 4,356 Sqft

    Acres 0.1

    Property Sub-Type Duplex

  • Location

    State OH

    County Cuyahoga

    Community Medical Service, Playground, Park, Restaurant, Shopping, Public Transportation

    Direction North

  • Rooms

    Basement Full, Unfinished

  • Building

    Lot Description Other

    Faces North

    Story 2

    Sewer Public Sewer

    Water Public

    Level or Stories Two

  • Interior

    Heating Forced Air, Gas

    Cooling None

    Fireplace No

    Laundry In Basement

  • Exterior

    Parking Features Driveway, No Garage

    Fence Other

    Community Features Medical Service, Playground, Park, Restaurant, Shopping, Public Transportation

    View Y/N Yes

    Water Access Desc Public

    View City

    Roof Type Asphalt,Fiberglass

    Accessibility None

    Private Pool No

  • Schools

    School District Cleveland Municipal - 1809

  • Others

    Tax ID 128-24-039

    Acceptable Financing Cash, 1031 Exchange, Private Financing Available

    Listing Terms Cash, 1031 Exchange, Private Financing Available

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