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 in May 2021
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