BROOKSIDE • CLEVELAND, OHIO
The Numbers
Purchase Price: | $14,650,000 |
Capital Improvements: | $1,850,000 |
NOI: | $1,400,000 |
Cap Rate: | 6.10% |
Stabilized Value: | $24,330,000 |
Equity: | $6,080,000 |
Refinance Proceeds: | $490,000 |
Cash Flow: | $437,000 |
220-unit Apartment Complex, acquired in December 2021
