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18911 Bella Drive, Cleveland, OH 44119

$1,025,000.00
  • 18911 Bella Drive, Cleveland, OH 44119 Main Photo
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New to the Market Active
MLS#5209202
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONKazens Bella Drive Resub 01 SCHOOLCleveland Municipal - 1809

Property Description

18911 Bella Drive presents a mostly renovated 12-unit multifamily asset with significant capital improvements already completed. Ownership has renovated 8 of 12 units over the past two years, achieving strong rent growth while maintaining stable occupancy. The property has undergone full lead abatement and holds a 20-year lead-free certification, significantly reducing regulatory risk. Additional recent capital improvements include a new roof, updated entry doors, renovated laundry rooms, and upgraded mechanical systems. This offering represents a rare opportunity to acquire a largely de-risked, near-stabilized asset with in-place income and remaining upside by increasing rents to market, maximizing an 8% CAP

Property Features

Property Type: Commercial - Business
Days on Market: 1
Heating: Forced Air
Lot Size: 0.36 Acres
Taxes: $15,987 / year
Year Built: 1962

Feature Descriptions

Lot Dimensions:
Parcel#: 114-23-033
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: geoffdelgrosso@gmail.com, 440-462-9577

Shown By

Agency Title: Cedar Tree Realty
Agency Phone: 216-395-2120

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