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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