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$ 305,000
Est. payment /mo
Active
18809 Bella DR Cleveland, OH 44119
9,801 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kazens Bella Drive Sub #1
MLS Listing ID 5165378
HOA Y/N No
Year Built 1965
Annual Tax Amount $7,600
Tax Year 2024
Lot Size 9,801 Sqft
Acres 0.225
Property Sub-Type Apartment
Property Description
Here is your chance to become a real estate investor overnight! This solid 5-unit brick apartment building in Cleveland offers strong income potential with all units currently occupied and producing reliable cash flow. Built in 1965, the property combines durable construction with modern updates, making it a stable and attractive investment. 4 units have been recently renovated, and the building includes private parking, vinyl replacement windows, and LVP flooring in the common areas and shared laundry. Major improvements include a roof reseal in 2022, a new exterior gas meter, updated electrical panels with individual metering, and a new boiler installed in 11/2023. Each apartment has a wall-mounted AC unit, and tenants enjoy convenient on-site laundry access.
The building has a mix of 1- and 2-bedroom units. Unit 1 is a 2-bedroom, 1-bath rented for $925/mo on a month-to-month lease. Unit 2 is a 1-bedroom, 1-bath vacant market rent is $850/mo. Unit 3 is a 2-bedroom, 1-bath leased for $895/mo. on a month to month lease. Unit 5 is a 2-bedroom, 1-bath leased for $850/mo through 12/31/25. Unit 4, a 1-bedroom, 1-bath, is occupied and rents at $705/mo through 11/30/26. Unit 5, a 1-bedroom, 1-bath, is occupied and rents at $$893/mo on a month to month lease.
Located in a convenient area of Cleveland near local amenities, public transit, and major commuter routes, this property offers strong tenant appeal and steady rental demand. With 5 stable tenants, individually metered utilities, and recent upgrades, the building provides immediate income with minimal maintenance.
Professional management is in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, and tenant communication. Plus rehab and construction services are available for remote investors!
This is a rare opportunity to acquire a performing, low-maintenance asset in a desirable Cleveland neighborhood! No wholesalers. No Seller financing. No low ball offers.
The building has a mix of 1- and 2-bedroom units. Unit 1 is a 2-bedroom, 1-bath rented for $925/mo on a month-to-month lease. Unit 2 is a 1-bedroom, 1-bath vacant market rent is $850/mo. Unit 3 is a 2-bedroom, 1-bath leased for $895/mo. on a month to month lease. Unit 5 is a 2-bedroom, 1-bath leased for $850/mo through 12/31/25. Unit 4, a 1-bedroom, 1-bath, is occupied and rents at $705/mo through 11/30/26. Unit 5, a 1-bedroom, 1-bath, is occupied and rents at $$893/mo on a month to month lease.
Located in a convenient area of Cleveland near local amenities, public transit, and major commuter routes, this property offers strong tenant appeal and steady rental demand. With 5 stable tenants, individually metered utilities, and recent upgrades, the building provides immediate income with minimal maintenance.
Professional management is in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, and tenant communication. Plus rehab and construction services are available for remote investors!
This is a rare opportunity to acquire a performing, low-maintenance asset in a desirable Cleveland neighborhood! No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street, Parking Lot
Water Access Desc Public
Present Use Multi-Family
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-23-032
Acceptable Financing Cash
Listing Terms Cash
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606