Listed by eXp Commercial
$395,000
4438 Pearl Road
Details
APN 012-07-027
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,230
Units 3
Beds 7
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $47,940
Acreage 0.250
Investment Type Stabilized
Multifamily | 3 Units
Marketing description
Fully renovated three-unit multifamily in Cleveland's Brooklyn Centre / Old Brooklyn — $395,000, with the large adjacent parking lot (separate parcel #012-07-027) included at no additional cost. All three units occupied (one 3/1, two 2/1), producing $3,410/month with $3,995/month upside at market rents; one unit is Section 8. New furnace (2025), new flat roof, and underground plumbing redone, with full interior renovations throughout; appliances convey. Basement is framed and permit-ready for 1–2 additional units — a clear value-add. Near MetroHealth, ~5 miles to Downtown Cleveland, with easy I-480/I-71 access. Available on its own or with the adjacent single-family at 4432 Pearl Road.
Investment 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
Listing Contacts
Listed by eXp Commercial
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Zoning
LR-D2 CommercialRetail CommercialLocal Retail Business
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