11116 Lardet AVE, Cleveland, OH 44104
11116 Lardet AVE, Cleveland, OH 44104
11116 Lardet AVE, Cleveland, OH 44104
11116 Lardet AVE, Cleveland, OH 44104
11116 Lardet AVE, Cleveland, OH 44104
11116 Lardet AVE, Cleveland, OH 44104
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Mike Ferrante

Mike Ferrante

+1(216) 373-7727
$ 80,000
Est. payment | /mo

3 Beds

2 Baths

3,398 SqFt

Save
$ 80,000
Est. payment | /mo
Save

3 Beds

2 Baths

3,398 SqFt

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

Property Description

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.

Location

State OH

County Cuyahoga

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

Direction North

Rooms

Basement Full, Unfinished

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

Building

Lot Description Other

Faces North

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

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

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael A Ferrante • LPT Realty • info@21mike.com, 216-373-7727

Schools and Properties Nearby

Mike Ferrante
Mike Ferrante

Broker Associate

+1(216) 373-7727 | mike@21mike.com

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11116 Lardet AVE