16812 Madison Ave
Lakewood, OH 44107
Immeuble residentiel Propriété À vendre · 11 Unités

The property is being offered at a 6.0% cap rate on in-place income, providing investors with immediate cash flow and the opportunity to achieve higher returns through continued rent growth toward market levels.
Value-Add Opportunity: Immediate upside from leasing the vacant unit and increasing rents toward the $124,740 potential income level
Stable Asset Class: All 1-bedroom units cater to a consistent renter demographic
Proven Cash Flow: Strong in-place NOI of $51,204
Some owner financing available
Solid Construction: Brick building (built 1923) offers long-term durability and lower maintenance costs
Operational Efficiency: The central heating system simplifies management and expense control
Urban Rental Appeal: Street parking and compact unit mix support strong tenant demand
Buyer Return Scenario (Financed Acquisition)
Assumptions
Purchase Price: $850,000
NOI: $51,204
Loan: 75% LTV
Loan Amount: $637,500
Interest Rate: 6.75%
Amortization: 30 years
Equity Investment: $212,500
Annual Debt Service
Estimated Annual Debt Service: ~$49,600
Cash Flow
NOI: $51,204
Debt Service: $49,600
Pre-Tax Cash Flow: ~$1,600
Investor Returns
Cash-on-Cash Return
212,5001,600?˜0.75%
Cash-on-Cash Return: ~0.75% (Year 1)
Debt Coverage Ratio (DSCR)
49,60051,204?˜1.03
DSCR: 1.03