80 MAPLE APARTMENTS • CLEVELAND, OHIO
The Numbers
| Purchase Price: | $3,745,000 |
| Capital Improvements: | $350,000 |
| NOI: | $380,000 |
| Cap Rate: | 9% |
| Stabilized Value: | $6,100,000 |
| Equity: | $1,500,000 |
| Refinance Proceeds: | $150,000 |
| Cash Flow: | $110,589 |
80-unit Apartment Complex, acquired in September 2020
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