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$ 1,025,000
Est. payment | /mo
0.36 Acres Lot
$ 1,025,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kazens Bella Drive Resub 01
MLS Listing ID 5209202
HOA Y/N No
Year Built 1962
Annual Tax Amount $15,987
Tax Year 2025
Lot Size 0.358 Acres
Acres 0.3581
Property Sub-Type Apartment
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
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
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-23-033
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Geoffrey DelGrosso • Keller Williams Greater Cleveland Northeast • geoffdelgrosso@gmail.com, 440-462-9577
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