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4438 Pearl Rd 3 Unit Apartment Building $558,510 CAD ($186,170 CAD/Unit) Cleveland, OH 44109
Investment Highlights
- Three renovated units — all occupied; immediate cash flow
- New furnace (2025), new flat roof, plumbing redone
- Large adjacent parking lot (parcel #012-07-027) included at no extra cost
- Basement permit-ready for 1–2 more units — value-add
- $585/mo ($7,020/yr) rent upside; appliances convey
Executive Summary
Three fully renovated units — Unit A (3BD/1BA), Unit B (2BD/1BA), Unit C (2BD/1BA) — in Cleveland's Brooklyn Centre / Old Brooklyn. New furnace (2025), entire flat roof replaced, and underground plumbing redone. All three units occupied; tenants pay a $75/mo utility fee. Appliances convey, with the large adjacent parking lot (separate parcel #012-07-027) included at no additional cost.
Located near Brooklyn Centre / Old Brooklyn. Pearl Rd is a primary N-S arterial — ~5 mi to Downtown Cleveland, near MetroHealth, with I-480 / I-71 access and strong RTA transit.
Located near Brooklyn Centre / Old Brooklyn. Pearl Rd is a primary N-S arterial — ~5 mi to Downtown Cleveland, near MetroHealth, with I-480 / I-71 access and strong RTA transit.
Property Facts
| Price | $558,510 CAD | Building Class | C |
| Price Per Unit | $186,170 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 5,230 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | LR | ||
| Price | $558,510 CAD |
| Price Per Unit | $186,170 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | LR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 012-07-028 | Improvements Assessment | $55,265 CAD |
| Land Assessment | $7,085 CAD | Total Assessment | $62,351 CAD |
Property Taxes
Parcel Number
012-07-028
Land Assessment
$7,085 CAD
Improvements Assessment
$55,265 CAD
Total Assessment
$62,351 CAD
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4438 Pearl Rd
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