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11116 Lardet AVE Cleveland, OH 44104
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Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,699 sqft
Price per Sqft $38
MLS Listing ID 5204765
Sold Date 06/17/26
Style Colonial
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 Single Family Residence
Stories Two
Story Two
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.
Location
State OH
County Cuyahoga
Community Medical Service, Playground, Park, Restaurant, Shopping, Public Transportation
Direction North
Rooms
Basement Full, Unfinished
Main Level Bedrooms 2
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features 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
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
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
Financing Cash
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Bought with Alexys Jones • Keller Williams Greater Metropolitan
NEARBY SCHOOLS & BUSINESSES
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