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(216) 533-3072
Real Estate Company
11116 Lardet Avenue, Cleveland, OH 44104
- $65,000
- 3
- BD
- 2
- BA
- 1,699
- SqFt
- Sold Price
- $65,000
- List Price
- $75,000
- Status
- CLOSED
- Style
- Colonial
- Stories
- 2
- MLS#
- 5204765
- Year Built
- 1920
- Closing Date
- Jun 17, 2026
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,699
- Region
- Cleveland
- Township
- Cleveland
Property Description
Investor opportunity in Cleveland with current rental income in place. This single-family home is 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.
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Additional Information
- Taxes
- $1,155
- Acres
- 0.10
- Sewer
- Public Sewer
- View
- City
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air, Gas
- Cooling
- None
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Michael A Ferrante, info@21mike.com With LPT Realty
Selling Office: Keller Williams Greater Metropolitan.The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
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