Multifamily Community on Bella
For Sale
$1,025,000
18911 Bella Dr, Cleveland, OH 44119
Stabilized 12-unit multifamily asset with significant capital improvements.
Property Size12,000 SF
Days on Market105
Property Features for 18911 Bella Dr
General Information
Standard status
Active
Size
12,000 SF
Property subtype
MultiFamily Apartments
Building Details
Building Size
12,000 SF
Year Built
1962
Listing Agency:
The Osborne Group
(440) 299-5190
Listed By:
Rick Osborne Jr · License #2010001710
(440) 299-5190
Source:
Thebrokerlist
Added: May 18
Changed: Aug 25
Last Checked: Aug 30 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Osborne Group
Investment Insights
Based on property information with market context.
This well-appointed multifamily community on Bella Drive offers a stabilized resident experience with traditional architectural details, generous unit layouts, and thoughtfully landscaped grounds. The property is a mostly renovated 12-unit multifamily asset with significant capital improvements already completed. Over the past two years, the current ownership has renovated 8 of the 12 units, 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. 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. This residential apartment community in Cleveland offers easy access to local amenities in Cuyahoga County. The property is ideal for investors seeking a hands-on asset with proven occupancy and potential upside through interior enhancements or modest amenity upgrades.
Key Highlights
- Significant capital improvements completed, including 8 of 12 units renovated, a new roof, updated entry doors, renovated laundry rooms, and upgraded mechanical systems.
- Full lead abatement completed with a 20‑year lead‑free certification, reducing regulatory risk.
- Stabilized asset with in‑place income and remaining upside through further unit renovations or amenity upgrades.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 44119, OH
12,134
Population
6,941
Households
1.7
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
5,515
Density / Sq Mi
$48,268
Median Household Income
$36,556
Median Earnings
$927
Median Rent
$109,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 12-unit multifamily asset with significant capital improvements.
Where is this apartment building located?
The property is located at 18911 Bella Dr Cleveland, OH.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Significant capital improvements completed, including 8 of 12 units renovated, a new roof, updated entry doors, renovated laundry rooms, and upgraded mechanical systems.; Full lead abatement completed with a 20‑year lead‑free certification, reducing regulatory risk.; Stabilized asset with in‑place income and remaining upside through further unit renovations or amenity upgrades.
