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About This Home
This 3-bedroom, 2-bathroom residential multi family at 11116 Lardet Avenue in Cleveland, OH is listed for $75,000 ($22 per sqft). Built in 1920, the home offers 3,398 sqft of living space on a 0.10 acres lot.
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.
Key Features
- Built in 1920
- 0.10 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$401/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11116 Lardet Avenue
Cleveland, OH 44104
Property Details
Construction
Views
Parking
Heating
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 11116 Lardet Avenue is listed at $75,000 ($22/sqft). The estimated monthly payment is $325 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.10 acre lot, 2 stories.
This property is listed by Michael A Ferrante and can be reached at 2163737727 or info@21mike.com.
