Company Logo
SIGN UP LOGIN
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo
3438 Bosworth Road , Cleveland, OH 44111 Photo

27 Total Photos [Click to View All]

3438 Bosworth Road Cleveland, OH 44111
$675,000
Active / MLS# 5219798 / Commercial - Business / Cleveland
0 Beds

3438 Bosworth Road is an 11-unit brick multifamily building located in the West Boulevard / Kamms Corner neighborhood of Cleveland, Ohio. Built in 1925 and spanning 10,450 SF across three stories, the property is offered for sale at $675,000 ($61,364/unit). The building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73% occupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required. One unit is leased to a Section 8 (CMHA) tenant at $1,034/month ? above market rate ? with utilities included in the CMHA payment. The seller has completed a comprehensive capital improvement program estimated at $140,000$250,000+, covering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial furnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification. On-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68,005 (low blended) to $105,987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price.

Read More » Read Less »

Property Details

Property Type: Commercial - Business
Basement: Unfinished
Basement: Yes
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $17,664 / year
Year Built: 1925

Feature Descriptions

Parcel#: 018-13-118
Parking: None, On Street
Sewer: Public Sewer
Units: 11
Water: Public

Schools

School District: Cleveland Municipal - 1809

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: chassity@octopodallc.com, 330-604-2363

Login to My Homefinder

Get Pre-Approved!

Get Pre-Approved

Pixel