0 Baths
$1,025,000
18911 Bella Drive, Cleveland OH, 44119
Built in1962
Property typeCommercial
Overview
Active
Listed May 11, 2026
Updated Jun 12
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. Unit mix is SIX 2bed/1bath ave rent $1000/month; SIX 1bed/1bath ave $800/month
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
Other Property Details
- Taxes
- $15,987
- Tax Frequency
- Annually
- Secondary Association Fee
- $2,200
Courtesy of Keller Williams Greater Cleveland Northeast
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