10-Unit Apartment
3634 Bosworth Rd Cleveland, OH 44111
For Sale
Contact for pricing
10-unit building with four 1 bed/1 bath units and six efficiency units, with updated interiors and coin laundry.
Property Size6,505 SF
Price / SF$107.61
Days on Market86
Property Features for 3634 Bosworth Rd
General Information
- Standard status
- Active
- Size
- 6,505 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty Mason
(440) 346-2031
Listed By:
David Mussari · License #BRKP.2007001761
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Professional Realty Mason
Investment Insights
Based on property information with market context.
This 10-unit apartment building includes four 1 bed/1 bath units and six efficiency units. The majority of units have been fully updated, including interior repainting and new lighting throughout the common areas.
Tenant-paid electric baseboard heating is in place, and the property features coin-operated laundry for residents.
Located at 3634 Bosworth Rd in Cleveland, Ohio, the building offers a straightforward multi-unit setup with a mix of unit types and shared-laundry amenities.
Tenant-paid electric baseboard heating is in place, and the property features coin-operated laundry for residents.
Located at 3634 Bosworth Rd in Cleveland, Ohio, the building offers a straightforward multi-unit setup with a mix of unit types and shared-laundry amenities.
Key Highlights
- 10‑unit apartment building built in 1890
- Unit mix includes four 1 bed/1 bath units and six efficiency units
- Majority of units fully updated with interior repainting
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $17.16 |
| − Vacancy | −$6.8k | −$1.05 |
| EGI | $104.8k | $16.11 |
| − OpEx | −$47.2k | −$7.25 |
| NOI | $57.6k | $8.86 |
6,505 SF · lease $17.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$823.6K
$720.6K – $960.8K
NOI $57,649 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,737 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 10-unit building with four 1 bed/1 bath units and six efficiency units, with updated interiors and coin laundry.
Where is this apartment building located?
The property is located at 3634 Bosworth Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 10‑unit apartment building built in 1890; Unit mix includes four 1 bed/1 bath units and six efficiency units; Majority of units fully updated with interior repainting
