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About This Home
This 6-bedroom, 2-bathroom residential multi family at 4432 Pearl Road in Cleveland, OH is listed for $570,000. Built in 1900, on a 0.40 acres lot.
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 1-2 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.
Key Features
- Built in 1900
- 0.40 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,048/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4432 Pearl Road
Cleveland, OH 44109
City View Allotment
Property Details
Construction
Heating
Cooling
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 4432 Pearl Road is listed at $570,000. The estimated monthly payment is $2,470 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.40 acre lot, 2 stories.
This property is listed by Chassity Miller and can be reached at 3306042363 or chassity@octopodallc.com.