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18809 Bella Drive, Cleveland, OH 44119

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For Sale
Sale Pending

$334,900

0.22 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Apartment
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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 4 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 a lead certificate on file, 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 per month on a month-to-month lease. Unit 2 is a 1-bedroom, 1-bath leased for $735 per month through 04/30/26. Unit 3 is a 2-bedroom, 1-bath leased for $795 per month through 03/31/26. Unit 5 is a 2-bedroom, 1-bath leased for $850 per month through 12/31/25. Unit 4, a 1-bedroom, 1-bath, is vacant and ready for a new tenant or value-add updates. 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 4 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-reach out to learn more!
MLS# 5165378

Courtesy Of RE/MAX Haven Realty

(440) 519-3100

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Steam
  • Lot Size
    0.22 Acres

Map and Directions

Directions to 18809 Bella Drive, Cleveland, OH 44119

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.