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Bosworth Place 3438 Bosworth Rd 11 Unité Immeuble d’appartements 954 416 $ CAD (86 765 $ CAD/Unité) 4,82% Taux de capitalisation Cleveland, OH 44111
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Faits saillants de l'investissement
- 10,450 SF · 11 units (3×2BD/1BA | 8×1BD/1BA) · 3 stories · Built 1925
- $140,000–$250,000+ in capital improvements completed by seller
- Section 8 (CMHA) tenant in place at $1,034/month — above market rate
- 73% occupied (8 of 11 units) — 3 recently renovated vacancies, move-in ready
- Full roof replacement · Complete plumbing stack overhaul · All-new water heaters
- CMHA payment standards: ~$1,050/mo for 1BD · ~$1,150/mo for 2BD
Résumé de l'annonce
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.
3438 Bosworth Road is situated in the West Boulevard / Kamms Corner neighborhood on Cleveland's west side — one of the city's most stable, owner-occupied residential communities. The property sits on West Boulevard, a key north-south arterial connecting Lorain Avenue to Rocky River Drive and Lakewood, with walkable access to Kamms
Corner's retail and dining corridor on Lorain Avenue (13,700+ vehicles/day).
Downtown Cleveland is approximately 7 miles east via Lorain Ave / I-90. Cleveland-Hopkins International Airport is approximately 8 miles via I-480. Rocky River Reservation and Brookside Reservation of the Cleveland Metroparks are within 2–3 miles. Regional connectivity via I-90, I-480, and I-71.
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.
3438 Bosworth Road is situated in the West Boulevard / Kamms Corner neighborhood on Cleveland's west side — one of the city's most stable, owner-occupied residential communities. The property sits on West Boulevard, a key north-south arterial connecting Lorain Avenue to Rocky River Drive and Lakewood, with walkable access to Kamms
Corner's retail and dining corridor on Lorain Avenue (13,700+ vehicles/day).
Downtown Cleveland is approximately 7 miles east via Lorain Ave / I-90. Cleveland-Hopkins International Airport is approximately 8 miles via I-480. Rocky River Reservation and Brookside Reservation of the Cleveland Metroparks are within 2–3 miles. Regional connectivity via I-90, I-480, and I-71.
Faits sur la propriété
| Prix | 954 416 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 86 765 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,16 AC |
| Taux de capitalisation | 4,82% | Taille du bâtiment | 10 450 pi² |
| Nombre d’unités | 11 | Occupation moyenne | 73% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1925 |
| Zonage | 2F | ||
| Prix | 954 416 $ CAD |
| Prix par unité | 86 765 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 4,82% |
| Nombre d’unités | 11 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 10 450 pi² |
| Occupation moyenne | 73% |
| Nombre d’étages | 3 |
| Année de construction | 1925 |
| Zonage | 2F |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 018-13-118 | Évaluation des bâtiments | 230 537 $ CAD |
| Évaluation du terrain | 10 214 $ CAD | Évaluation totale | 240 751 $ CAD |
Impôts fonciers
Numéro de lot
018-13-118
Évaluation du terrain
10 214 $ CAD
Évaluation des bâtiments
230 537 $ CAD
Évaluation totale
240 751 $ CAD
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Bosworth Place | 3438 Bosworth Rd
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