11116 Lardet Avenue Cleveland, OH $80,000

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11116 Lardet Avenue | Cleveland

$80,000 | 3 Beds | 2 Baths (2 Full) | 1,699 Sq. Ft.

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. MLSNow 5204765 Directions to property: Just west of E. 116th

MLS Listing ID: 
MLSNow 5204765
Listing Category: 
Purchase
Community Information
School District: 
Cleveland Municipal - 1809
Community Features: 
Medical Service,Playground,Park,Restaurant,Shopping,Public Transportation
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Stories: 
2
Year Built: 
1920
Living Area: 
1,699
Basement: 
Full,Unfinished
Construction
Construction Materials: 
Wood Siding
Foundation Details: 
Block
Roof: 
Asphalt,Fiberglass
Room Details
Details about the rooms in the building.
Total Rooms: 
8
Total Bedrooms: 
3
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Area): 
0.1
Lot Size (Dimensions): 
35x103
View: 
City
Lot Features
Parking Type: 
No Garage
Fence: 
Other
Public Record
Parcel Number: 
128-24-039
Annual Tax: 
$1,155.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/28/2026
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Michael A Ferrante
Listing Co-Agent Name: 
De\u0027Vonte Threat
Listing Office Name: 
LPT Realty
Listing Co-Office Name: 
LPT Realty

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