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9539 Green Meadow Rd 6 Unit Apartment Building $50,000 ($8,333/Unit) 20% Cap Rate Windham, OH 44288
Executive Summary
This is a high-yield investment opportunity (not a property sale)
The offering is for a secured 2ND Position loan backed by a cash-flowing 12-unit multifamily property. The asset generates at the moment (70K a year) and after the upgrade will be approximately $180K annual gross income and is valued at around $1M-1.2M, providing a strong equity cushion.
Seeking $50,000–$100,000 in debt financing to complete unit renovations and stabilize remaining vacancy. This will drive increased rents and higher overall property value.
Investor Terms:
Fixed return: 15%–20% annually
Position: Secured 2nd lien on the property
Payments: Monthly
Term: 12-36 months
This opportunity is best suited for investors seeking high cash yield backed by real estate with a conservative overall loan-to-value.(current loan on the property is only 360K, equal to less than 40% LTV)
The offering is for a secured 2ND Position loan backed by a cash-flowing 12-unit multifamily property. The asset generates at the moment (70K a year) and after the upgrade will be approximately $180K annual gross income and is valued at around $1M-1.2M, providing a strong equity cushion.
Seeking $50,000–$100,000 in debt financing to complete unit renovations and stabilize remaining vacancy. This will drive increased rents and higher overall property value.
Investor Terms:
Fixed return: 15%–20% annually
Position: Secured 2nd lien on the property
Payments: Monthly
Term: 12-36 months
This opportunity is best suited for investors seeking high cash yield backed by real estate with a conservative overall loan-to-value.(current loan on the property is only 360K, equal to less than 40% LTV)
Property Facts
| Price | $50,000 | Building Class | C |
| Price Per Unit | $8,333 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 5,252 SF |
| Cap Rate | 20% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $50,000 |
| Price Per Unit | $8,333 |
| Sale Type | Investment |
| Cap Rate | 20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,252 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1942 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 41-057-10-00-148-000 | Improvements Assessment | $51,420 |
| Land Assessment | $8,400 | Total Assessment | $59,820 |
Property Taxes
Parcel Number
41-057-10-00-148-000
Land Assessment
$8,400
Improvements Assessment
$51,420
Total Assessment
$59,820
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H&Y Property Holding LLC
9539 Green Meadow Rd
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