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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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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