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
