11116 Lardet Avenue

Cleveland, OH 44104

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.

Listing courtesy of Michael A Ferrante of LPT Realty



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