INVESTMENT--12-Unit Low-Rise/Garden Apartment Building for Sale
$1,025,000
18911 Bella Dr, Cleveland, OH 44119
12,000 sqft
Building Size
0.36 acres
Lot Area
Details:
Highlights:
- Resilient residential community located on Bella Drive in Cleveland
- Traditional architectural appeal with well-maintained exterior presentation
- Generous unit layouts provide comfortable living environments
- Recent interior refresh includes quality fixtures and finishes
- Landscaped grounds enhance curb appeal and resident satisfaction
- Dedicated on-site parking supports tenant needs
- Secure entry systems promote resident peace of mind
- Ongoing maintenance keeps major building systems current
- Design encourages stable, long-term occupancy
- Flexible configuration suits various unit mix strategies
- Ideal for investors seeking light value-add opportunities
- Proven performance with potential for amenity upgrades
Description:
Well-appointed multifamily community along Bella Drive offers a stabilized resident experience with traditional architectural details, generous unit layouts, and thoughtfully landscaped grounds. 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 stabilized asset with in-place income and remaining upside. Residents appreciate private entrances, abundant natural light, and refreshed interiors featuring quality fixtures and finishes. Community amenities include dedicated parking and secure access, while building systems reflect ongoing upkeep and proactive maintenance attention. The property’s design fosters long-term tenancy, and its configuration accommodates a variety of unit mix strategies. Ideal for investors seeking a hands-on asset with proven occupancy and potential upside through interior enhancements or modest amenity upgrades.
Residential apartment community along Bella Drive in Cleveland, offering easy access to local amenities in Cuyahoga County.
Documents:
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Location
Gallery
