Commercial Real Estate for Sale at 3438 Bosworth Road in Cleveland, OH for $675,000

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3438 Bosworth Road | Cleveland

$675,000 | 0.0 Sq. Ft.

3438 Bosworth Road is an 11-unit brick multifamily building located in the West Boulevard / Kamms Corner\r\nneighborhood of Cleveland, Ohio. Built in 1925 and spanning 10,450 SF across three stories, the property is offered\r\nfor sale at $675,000 ($61,364/unit).\r\nThe building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73%\r\noccupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required.\r\nOne unit is leased to a Section 8 (CMHA) tenant at $1,034/month \u2014 above market rate \u2014 with utilities included in the\r\nCMHA payment.\r\nThe seller has completed a comprehensive capital improvement program estimated at $140,000\u2013$250,000\u002B,\r\ncovering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial\r\nfurnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification.\r\nOn-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68,005 (low blended) to\r\n$105,987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price. MLSNow 5219798 Directions to property: Corner Governor and Bosworth

MLS Listing ID: 
MLSNow 5219798
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$675,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
3438 Bosworth Road, Cleveland, OH 44111
County: 
Cuyahoga
Latitude: 
41.4589510
Longitude: 
-81.7649180
Directions: 
Corner Governor and Bosworth
Public Remarks: 
3438 Bosworth Road is an 11-unit brick multifamily building located in the West Boulevard / Kamms Corner\r\nneighborhood of Cleveland, Ohio. Built in 1925 and spanning 10,450 SF across three stories, the property is offered\r\nfor sale at $675,000 ($61,364/unit).\r\nThe building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73%\r\noccupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required.\r\nOne unit is leased to a Section 8 (CMHA) tenant at $1,034/month \u2014 above market rate \u2014 with utilities included in the\r\nCMHA payment.\r\nThe seller has completed a comprehensive capital improvement program estimated at $140,000\u2013$250,000\u002B,\r\ncovering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial\r\nfurnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification.\r\nOn-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68,005 (low blended) to\r\n$105,987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1925
Living Area: 
0.0
Basement: 
Unfinished
Construction
Roof: 
Asphalt,Fiberglass
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.16
Lot Size (Area): 
0.16
Lot Features
Parking Type: 
None,On Street
Public Record
Parcel Number: 
018-13-118
Annual Tax: 
$17,664.30
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP Realty, LLC.

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