STUART HOUSE • CLEVELAND, OHIO
The Numbers
Purchase Price: | $16,300,000 |
Capital Improvements: | $2,500,000 |
NOI: | $1,600,000 |
Cap Rate: | 8.1% |
Stabilized Value: | $27,000,000 |
Equity: | $6,900,000 |
Refinance Proceeds: | $600,000 |
Cash Flow: | $410,000 |
294-unit Apartment Complex, acquired in May, 2022