4438 Pearl Rd - Apartments FOR SALE


Cleveland, OH 44109- Old Brooklyn
$395,000 USD
216-374-3689
4438 Pearl Rd, Cleveland, OH for Sale
$395,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

4438 Pearl Rd
Cleveland, OH 44109
Old Brooklyn


HIGHLIGHTS

  • Three renovated units — all occupied; immediate cash flow
  • Basement permit-ready for 1–2 more units — value-add
  • New furnace (2025), new flat roof, plumbing redone
  • $585/mo ($7,020/yr) rent upside; appliances convey
  • Large adjacent parking lot (parcel #012-07-027) included at no extra cost

OVERVIEW

Three fully renovated units — Unit A (3BD/1BA), Unit B (2BD/1BA), Unit C (2BD/1BA) — in Cleveland's Brooklyn Centre / Old Brooklyn. New furnace (2025), entire flat roof replaced, and underground plumbing redone. All three units occupied; tenants pay a $75/mo utility fee. Appliances convey, with the large adjacent parking lot (separate parcel #012-07-027) included at no additional cost. Located near Brooklyn Centre / Old Brooklyn. Pearl Rd is a primary N-S arterial — ~5 mi to Downtown Cleveland, near MetroHealth, with I-480 / I-71 access and strong RTA transit.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

3

PRICE/UNIT

$131,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,485 SF

ZONING

LR

APN/PARCEL ID

012-07-028

ASK ABOUT THIS PROPERTY

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216-374-3689

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216-374-3689

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