Bella Apartments Listing Details & Market Data

18911 Bella Dr, Cleveland, OH 44119

  • For Sale $650,000
  • Property Type Other
  • Year Built 1962
  • Date Updated Apr 17, 2024

FOR SALE: 12 Units in Sought-After Submarket

 

Financial Highlights

• Value Add Upside: Opportunity for lease trade outs of more than $77 on the one bedroom units (difference between highest unit rents achieved and the average rent) and $78 per unit on the two bedroom units
 
• Excellent Capital Growth Potential: 5 year IRR of 26.43% using conservative assumptions. Just over 23% on 7 Year and 20.57% on 10 Year holding periods
 
• Recent Capital Expenditures: More than $37,900 has been spent the past two years on the properties in capital expenditures reducing future capital needs
 

Location Highlights

• Steps from Lake Erie, which provides beautiful views and access to water-related activities like fishing, boating, and swimming

• 15 minutes to both Cleveland’s CBD and the University Circle Neighborhood via car or public transit right at your doorstep

• Greenspace abounds: Euclid Park Beach, Wildwood Park and the Metroparks’ Euclid Creek Reservation are great for residents to enjoy hiking, biking, and nature walks

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Peter Grealis

broker

Gary Cooper

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (59)

  • Transit Score ®

    Some Transit (40)

  • Bike Score ®

    Somewhat Bikeable (45)
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood North Collinwood
  • Zip Code 44119
  • Market Cleveland Akron

Points of Interest

  • Stokes-Windermere Station

    4.04 miles

  • Superior

    4.66 miles

  • Little Italy–University Circle

    5.73 miles

  • Cedar–University

    6.40 miles

  • East 105th–Quincy

    7.05 miles

  • Coventry

    7.06 miles

  • Shaker Square

    7.13 miles

  • Warrensville–Shaker

    7.13 miles

  • Green Road

    7.27 miles

  • East 116th–St. Luke’s

    7.35 miles

  • Sunoco

    0.21 miles

  • Marathon

    0.35 miles

  • Shell

    0.40 miles

  • Speedway

    0.42 miles

  • Sunoco

    0.71 miles

  • Sunoco

    1.12 miles

  • Speedway

    1.22 miles

  • Sunoco

    1.52 miles

  • Gas and Go

    1.65 miles

  • British Petroleum

    1.84 miles

  • Library Parking

    3.88 miles

  • Temple on the Heights Parking

    4.67 miles

  • Recreation Center parking

    4.69 miles

  • Municipal Lot 11

    4.78 miles

  • Municipal Lot 10

    5.20 miles

  • Municipal Deck 20C

    5.22 miles

  • Municipal Lot 3

    5.23 miles

  • Municipal Lot 24

    5.25 miles

  • Municipal Lot 20

    5.26 miles

  • Zagara's Marketplace Parking

    5.28 miles

  • Scotti's Italian Eatery

    0.23 miles

  • Pacer's

    0.28 miles

  • Gus's Diner 185

    0.34 miles

  • The Standard

    0.37 miles

  • Hollands

    0.41 miles

  • Sandy's

    0.59 miles

  • KFC Chicken

    0.60 miles

  • Irie Jamaican Kitchen

    0.67 miles

  • Fresh Catch Seafood

    0.76 miles

  • Mr. Hero

    0.85 miles

  • Imagine Bella Academy

    0.07 miles

  • Saint Paul School

    0.48 miles

  • Oliver Hazard Perry Elementary School

    0.49 miles

  • Saint John Nottingham Lutheran School

    0.58 miles

  • Arbor Elementary School

    0.80 miles

  • Hannah Gibbons-Nottingham STEM School

    0.85 miles

  • Euclid Central Middle School

    0.97 miles

  • Villa Angela-Saint Joseph High School

    1.03 miles

  • Pinnacle Charter Academy

    1.17 miles

  • Franklin School

    1.27 miles

  • Kidtopia

    0.35 miles

  • Nottingham Child Care

    0.55 miles

  • Building Blocks Academy

    0.67 miles

  • Brilliant Beginnings

    0.79 miles

  • Child Development Center

    1.21 miles

  • Apples of Gold Childcare III

    1.72 miles

  • Precious Gem Childcare Center

    1.74 miles

  • Share One Teach One Academy

    2.01 miles

  • Collinwood academy childcare

    2.25 miles

  • K&M Childcare

    2.29 miles

Contact Bella Apartments