Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: geoffdelgrosso@gmail.com, 440-462-9577
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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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. 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
Property Features
Property Type: Commercial - Business
Days on Market: 31
Heating: Forced Air
Lot Size: 0.36 Acres
Taxes: $15,987 / year
Year Built: 1962
Feature Descriptions
Parcel#: 114-23-033
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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18911 Bella Drive | MLS# 5209202
This commercial property located at 18911 Bella Drive, Cleveland, OH 44119 is currently listed for sale with an asking price of $1,025,000. Bella Drive is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.cutlercigroup.com today.