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About This Home

This 0-bedroom, 0-bathroom multi-family at 18911 Bella Drive in Cleveland, OH is listed for $1,025,000. Built in 1962, on a 0.36 acres lot.

Agent 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

Key Features

  • Built in 1962
  • 0.36 acre lot

Property Details

1962

Monthly Cost Estimate

$7,682/mo

20% down · 6.5% · 30 years

Principal$741
Interest$4,442
Insurance$299
HOA$2,200

Estimates only. Actual payments may vary.

Location

18911 Bella Drive

Cleveland, OH 44119

Kazens Bella Drive Resub 01

Property Details

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 18911 Bella Drive is listed at $1,025,000. The estimated monthly payment is $6,642 based on 20% down at 6.5% interest.

HOA fees are $2200/month.

Key features include: Built in 1962, 0.36 acre lot.

This property is listed by Geoffrey DelGrosso and can be reached at 4404629577 or geoffdelgrosso@gmail.com.

GD

Geoffrey DelGrosso

Agent at Keller Williams Greater Cleveland Northeast

(440) 462-9577

Listed by Keller Williams Greater Cleveland Northeast

MLS# 5209202· Source: listhub· Updated 21 days ago

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18911 Bella Drive, Cleveland, OH 44119

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