3507 Bosworth Rd
Cleveland, OH 44111
$1,675,000
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0 Beds
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0 Baths
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20,460 SqFt
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26 Units w/ 1,2 and 3 bedroom units - ALL BRICK Exterior w-Private Parking - PLUS 2 Additional Parcels and Onsite Coin-op Laundry Room! This turn-key property ready for the 1st time investor or simply adding a solid asset to your portfolio. Well-maintained 26-unit brick multi-family sits on THREE parcels and Offers tenants Private & Secure Parking lot at rear. Sitting just South of Cleveland's highly desired City of Lakewood Community and only minutes to Cleveland’s Downtown Theater & Business District. This development is a book end to Cleveland's Two Major Opportunity Zone Corridors that have attracted national investment and attention (Detroit Shoreway and Ohio City). Tenant retention high due to proximity to downtown and pedestrian access to Bus/RTA's PArk N-Ride Transit and Highway access for a quick bus or drive to downtown area. Additionally, this property sits in a quiet neighborhood close to 3 Public Schools, 2 public parks which provide constant police monitoring for the community and neighborhood safety. UPDATES: New Roof in 2021, Parking Lot and Storm Drain 2020, ALL Mechanicals Systems upgraded/serviced, 2022 75k Boiler Weil-McLain w/ Tekmar Thermostat - Balanced for water and energy efficiency. 24 of 26 units updated/renovated (Kitchens, Baths, flooring, paint, and lighting), Includes 16 Camera HD-CCTV w/ NVR, Ext/Int Security/Safety Lighting AND just under 2,000 Sq ft. of Dry Storage & Shop (rented @$600 mo.) in basement to run operations.
- Price:
- $1,675,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- 20,460
- Acreage:
- 0.60
- Year Built:
- 1920
- MLS #:
- 4455624
- Street Address:
- 3507 Bosworth Rd
- City:
- Cleveland
- State:
- OH
- Postal Code:
- 44111
- County:
- Cuyahoga
- Subdivision:
- Lorain Hlnds Resub
- Listing Status:
- For Sale - Active
Building
- Approximate Total Liveable Area:
- 20460
- Basement Description:
- Full
- Finished Above Ground Square Footage:
- 20460
- Has Basement:
- Yes
- Number Of Floors In Unit:
- Three Or More
- Stories:
- 3
- Stories:
- 3
- Total Building Square Footage:
- 20460
- Type Of Roof:
- Asphalt, Fiberglass, Flat
- Year Built:
- 1920
- Year Built Description:
- Actual Ybt
Business
- Annual Electric Expenses:
- 87
- Annual Insurance Expenses:
- 562
- Annual Trash Expenses:
- 100
- Annual Water/Sewer Expenses:
- 863
Land
- Approximate Lot Size Range Source:
- Assessor
- Lot Size:
- 0.6
Listing
- Days On Market:
- 10
- Lease Rate:
- 21440
- On Market Date:
- 2023-05-18
- Originating Mls:
- Yes-Mls
- Terms:
- Cash, Conventional
Money
- Owner Pays:
- Heat, Sewer, Trash Collection, Water
- Ownership:
- Agent
- Tenant Pays:
- Cable Tv, Electricity
Structures
- Fence:
- Chain Link, Full, Wood
- Parking Description:
- On Site, Outside, Private, Secured
- Parking Spaces:
- 22
Systems
- Cooling System:
- None, Window Unit(s)
- Existing Water:
- Public
- Heating:
- Gas, Hot Water, Radiator(s), Radiant, Steam
- Sewage Type:
- Public Sewer
Source
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Listing Provided By: James P Matheos jmatheos@kw.com (440) 847-9033 with Keller Williams Citywide
The listing information herein is provided through the MLS IDX database. Information is deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of NEOHREX.
