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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