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, acquired in April 2021
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