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
