fbpx

52 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