3438 Bosworth Road | Cleveland
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

