16 AKERS APARTMENTS • AKRON, OHIO
The Numbers
Purchase Price: | $448,000 |
Capital Improvements: | $39,000 |
NOI: | $73,250 |
Cap Rate: | 9.80% |
Stabilized Value: | $900,000 |
Equity: | $274,687 |
Refinance Proceeds: | $100,000 |
Cash Flow: | $26,000 |
16-unit Apartment Complex, acquired in October 2020

Sold in September 2022