0.36 Acres Lot
0.36 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kazens Bella Drive Resub 01
MLS Listing ID 5209202
HOA Y/N No
Year Built 1962
Annual Tax Amount $15,987
Tax Year 2025
Lot Size 0.358 Acres
Acres 0.3581
Property Sub-Type Apartment
Property Description
capital improvements already completed. Ownership has renovated 8 of 12 units over the
past two years, achieving strong rent growth while maintaining stable occupancy. Unit mix is SIX 2bed/1bath ave rent $1000/month; SIX 1bed/1bath ave $800/month
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.
This offering represents a rare opportunity to acquire a largely de-risked, near-stabilized
asset with in-place income and remaining upside by increasing rents to market, maximizing an 8% CAP
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-23-033
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States