BEDS6
BATHS1 full 1 partial
MLS#5202283
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCity View Allotment
SCHOOLCleveland Municipal - 1809
Property Description
4432 & 4438 Pearl Road are offered together as a portfolio ? a great opportunity to acquire two fully renovated income properties in one turnkey transaction. 4432 is a stunning 5-bedroom, 2-bathroom single-family home ? completely updated with new flooring, cabinets, bathrooms, electrical, plumbing, and HVAC throughout. Tenant pays all utilities. 4438 is a fully renovated 3-unit multifamily (3BD/1BA, 2BD/1BA, 2BD/1BA) with a new furnace (2025), brand new flat roof, and all underground plumbing redone. All 4 units are occupied with a professional property management company in place ? just sit back and collect. Both properties are LEAD certified. Bonus: the basement at 4438 is framed, plumbed, and permit-ready for 12 additional units. Parking parcel between the two properties conveys with the sale. Appliances at 4438 convey; appliances at 4432 belong to the tenant. Strong cash flow from day one at an 8.06% current cap rate, with a clear path to 10.01% at market rents.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Heating: Gas
Lot Size: 0.40 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $12,456 / year
Year Built: 1900
Feature Descriptions
Exterior: Metal Siding
Parcel#: 012-07-026
Parking: On Site
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: chassity@octopodallc.com, 330-604-2363
Shown By
Agent Name: John Yoder Team
Agent Phone: Cell: (740) 398-2532
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 4,392.67 per month $3,188.42 Principal & Interest $1,038.00 Property Tax $166.25 Homeowner's InsuranceChange Payment Information
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4432 Pearl Road | MLS# 5202283
This multi-family property located at 4432 Pearl Road, Cleveland, OH 44109 is currently listed for sale with an asking price of $570,000. Pearl Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.johnyoderteam.com today.