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
Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: geoffdelgrosso@gmail.com, 440-462-9577
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
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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.ikeyrealty.com today.