VALLEY PARK & PLAZA • CLEVELAND, OHIO
The Numbers
Purchase Price: | $9,000,000 |
Capital Improvements: | $1,100,000 |
NOI: | $861,000 |
Cap Rate: | 8.15% |
Stabilized Value: | $14,100,000 |
Equity: | $3,200,000 |
Refinance Proceeds: | $286,000 |
Cash Flow: | $240,000 |
170-unit Apartment Complex, acquired in December 2021
