80 MAPLE APARTMENTS • CLEVELAND, OHIO
The Numbers
Purchase Price: | $3,745,000 |
Capital Improvements: | $350,000 |
NOI: | $380,000 |
Cap Rate: | 9% |
Stabilized Value: | $6,100,000 |
Equity: | $1,500,000 |
Refinance Proceeds: | $150,000 |
Cash Flow: | $110,589 |
80-unit Apartment Complex, acquired in September 2020
