4316 Pearl Road, Cleveland, OH 44109

$875,000

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List Price
$875,000
Status
ACTIVE
Days on Market
59
MLS#
5215134
Subtype
Commercial Sale
Year Built
1912
Acres
0.22
Subdivision
Brooklyn Realty Cos Sub
Neighborhood
Brooklyn Realty Cos Sub
MLS Area Major
Cleveland

Property Description

CALLING ALL INVESTORS Just starting out or growing your portfolio. Check out this 16 Unit Large ALL BRICK mixed use located in great neighborhood with solid rental demand in the heart of Old Brooklyn. A stone's throw from Metro health and minutes to Cleveland's downtown. This well-kept and professionally managed multi-family 12 apartments up w/ 4 retail shops total of 16 units located in Old Brooklyn and just North of I-480 just minutes to Cleveland's downtown on Pearl Avenue. 16 Unit composed of: 3) 1 - Bed / 1 Bath, 2) 3 - Bed/1 Bath, 6) 2 - Bed / 1 Bath, 1) Studio / 1 Bath and. 4) retail shops at street level w/ basement access for value add. All Retail face Pearl Ave. with high traffic count and visibility. Many units have had floor, kitchen, bath upgrades. 4 units on 2nd floor have small balconies on Pearl Rd side and all Spokane units have small porches for added value in rentals. ** Many of the rents have been brough to market but a couple have some room yet. ** Ask your agent for Income & Expenses Posted with listing ** ** All units have individual furnaces, separate electric and gas meter. ** Owner pays only water/sewer and maintenance. Heating: GFA Furnaces (each unit) **Several furnaces have been replaced/added and less than 5 years ** Roof: Flat rolled asphalt resurfaced 2026. ** Parking: Street Only ** OM in supplements

Additional Information

Taxes
$22,446
Heating
Forced Air, Gas
Air Conditioning
None
Stories
2
Levels
Two
Roof
Asphalt, Flat
Foundation
Basement, Block
Parking Features
Paved
School District
Cleveland Municipal - 1809

Listing Courtesy of: James P Matheos, jmatheos@kw.com With Keller Williams Citywide

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