Low-Rise/Garden Apartment Building for Sale--Investment

18911 Bella Drive, Cleveland, OH 44119

Property Information

  • For Sale $1,025,000
  • Property Type Multi-Family
  • Property Size 12,000 SF
  • Lot Size 0.36 Acre
  • # of Floors 3
  • Property Tenancy Multi-Tenant
  • Year Built 1962
  • Year Renovated 2025
  • Date Updated Jun 24, 2026

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

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