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