REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,150,000
Est. payment /mo
New
4316 Pearl RD Cleveland, OH 44109
9,600 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Brooklyn Realty Cos Sub
MLS Listing ID 5118404
HOA Y/N No
Year Built 1912
Annual Tax Amount $22,396
Tax Year 2024
Lot Size 9,600 Sqft
Acres 0.2204
Property Sub-Type Mixed Use
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 / 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 in place and there is room for increases (See Rent Comps in Marketing . **
** Ask your agent for Income & Expenses Posted with listing **
Please see the local rental comps ask your agent for info**
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 10 years**
Roof: Flat rolled asphalt ~ about 15 years.
Parking: Street Only
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 / 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 in place and there is room for increases (See Rent Comps in Marketing . **
** Ask your agent for Income & Expenses Posted with listing **
Please see the local rental comps ask your agent for info**
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 10 years**
Roof: Flat rolled asphalt ~ about 15 years.
Parking: Street Only
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Parking Features Paved
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 014-15-076
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by James P Matheos • Keller Williams Citywide • jmatheos@kw.com 440-847-9033