by freeland | Feb 11, 2022
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...
by freeland | Dec 7, 2021
52 LAKE APARTMENTS • LAKEWOOD, OHIO The Numbers Purchase Price: $3,000,000 Capital Improvements: $250,000 NOI: $329,000 Cap Rate: 6.25% Stabilized Value: $5,000,000 Equity: $1,400,000 Refinance Proceeds: $350,000 Cash Flow: $101,000 52-unit Apartment Complex, acquired...
by freeland | Dec 7, 2021
220 CHEVY APARTMENTS • PARMA, OHIO The Numbers Purchase Price: $11,650,000 Capital Improvements: $1,411,000 NOI: $1,143,625 Cap Rate: 6.00% Stabilized Value: $19,000,000 Equity: $4,750,000 Refinance Proceeds: $600,000 Cash Flow: $373,000 220-unit Apartment Complex,...
by freeland | Dec 7, 2021
54 NILES APARTMENTS • NILES, OHIO The Numbers Purchase Price: $2,450,000 Capital Improvements: $223,000 NOI: $260,000 Cap Rate: 6.50% Stabilized Value: $4,000,000 Equity: $1,000,000 Refinance Proceeds: $150,000 Cash Flow: $73,500 54-unit Apartment Complex, acquired in...
by freeland | Dec 7, 2021
16 AKERS APARTMENTS • AKRON, OHIO The Numbers Purchase Price: $448,000 Capital Improvements: $39,000 NOI: $73,250 Cap Rate: 9.80% Stabilized Value: $900,000 Equity: $274,687 Refinance Proceeds: $100,000 Cash Flow: $26,000 16-unit Apartment Complex, acquired in October...
