3438 Bosworth Rd

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-71.3438 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.