54 NILES APARTMENTS • NILES, OHIO
The Numbers
Purchase Price: | $2,450,000 |
Capital Improvements: | $223,000 |
NOI: | $260,000 |
Cap Rate: | 6.50% |
Stabilized Value: | $4,000,000 |
Equity: | $1,000,000 |
Refinance Proceeds: | $150,000 |
Cash Flow: | $73,500 |
54-unit Apartment Complex, acquired in April 2021

Sold in October 2022