12 Unit Apartment Building in Cleveland, Ohio - 7.5% CAP Rate!

[Tom Ott]

Smartland is pleased to present Bosworth Road Apartments, a 12-unit apartment building located in Cleveland, Ohio. This three-story low-rise building was built in 1920, and sits on a lot size of about 7,360 square feet. The property has been owned and managed by Smartland since March 2017, during which time it has been well maintained with numerous major capital improvements including all new outside light fixtures, installed new garage doors, and the renovation of the laundry room and the common area hallways with new light fixtures, new paint, and new flooring.

Bosworth Road Apartments consists of 1 studio, 5 one- and 6 two-bedroom floor plans offering a range of 250 to 660 square feet of living space. The property offers various unit amenities, accommodations, and each unit has been entirely renovated. These include plentiful closet space, private balconies on the 2nd and 3rd floors, new resilient flooring throughout each unit, new ceiling fans, new paint, new light fixtures, completely updated bathrooms with new vanities, new toilets, new sinks, new faucets, and completely updated kitchens with new granite countertops, brand new built-in cabinets, new double sinks, new faucets, new stainless steel refrigerators and ranges.

93.3% Occupied!

7.5% CAP Rate

12.36% Cash-on-Cash Return

Price: $650,000.00