18911 Bella Drive Cleveland, OH 44119
Apartment
MLS #: 5209202
Courtesy Of Keller Williams Realty Greater Cleveland Northeast
Property InformationDescription
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
Features
- Age: Over 50 Years Old
- Heating System: Forced Air
- Legal Description: TR 14 KAZENBELDR RES #1 0012 ALL
- MLSID: 5209202
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