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