Integrity • Passion • Excellence

Cypress Park Apartments

Stow, Ohio

Located in Stow, Oh the property is surrounded by woods giving it a serene park like setting. Great location! Walking distance to Work and everything you need. Coming soon – Pavilions located right outside your door with Multiple grill stations, Spring – 2023. This property is conveniently located within walking distance of supermarkets, Panera Bread, Swenson’s, Kohl’s department store, Target, Drug Mart, Chase Bank and Summa Health Stow-Kent Medical Center

PROPERTY FACTS

Price             $4,000,000       

Price / SF      $116.55 / SF       

Type               Value Add

Cap Ex Budget   $295k       

ARV               $6,400,000

Projected Investor Return   8% Pref / 2% Equity / 11.5% CoC++

 

Number of Buildings    2

Number of Units          66

Total Building Size        34,320 SF

Purchase Date   07/23

 

Document List For Investors

Sample only – links don’t work

TAXES & OPERATING EXPENSES (PRO FORMA – Yr 5)     ANNUAL

Gross Rental Income                            $709,071

Other Income                                         $98,065

Vacancy Loss                                          $28,363

Effective Gross Income                        $778,773

Taxes                                                        $101,466

Operating Expenses                              $277,503

Total Expenses                                       $378,969

Net Operating Income                          $499,804