18809 Bella Drive, Cleveland, OH 44119
$305,000
Sq. Ft.:
N/A
Type:
Commercial
Listing #5165378
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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 leased for $735/mo 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/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.
Property Features
County:
Cuyahoga
Latitude:
41.581172
Longitude:
-81.547152
Subdivision:
Kazens Bella Drive Sub #1
Directions:
Off of Neff Rd, between Slovene Home and Villaview Rd
Heating:
Hot Water, Steam
Cooling:
Wall/Window Unit(s)
Total Number of Units:
5
Stories:
3
Possession:
Delivery Of Deed
Water / Sewer:
Public Sewer
Water:
Public
Parking Description:
Off Street, Parking Lot
Lot Size in Acres:
0.225
Buildings:
1
Property Type:
COM
Property SubType:
Apartment
Property SubType 2:
Commercial Sale
Year Built:
1965
Status:
Active
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
Listing courtesy of RE/MAX Haven Realty 440-519-3100
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The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than RE/MAX Haven Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
MLS Now (Yes MLS) data last updated at June 11, 2026, 12:20 PM ET
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