52 LAKE APARTMENTS • LAKEWOOD, OHIO
The Numbers
Purchase Price: | $3,000,000 |
Capital Improvements: | $250,000 |
NOI: | $329,000 |
Cap Rate: | 6.25% |
Stabilized Value: | $5,000,000 |
Equity: | $1,400,000 |
Refinance Proceeds: | $350,000 |
Cash Flow: | $101,000 |
52-unit Apartment Complex, acquired in May 2021
