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9539 Green Meadow Rd
Windham, OH 44288

$100,000 USD

Apartments For Sale  •  5,252 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,252 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1942
  • Cap Rate 20.00 %
  • Zoning C
30 Transit Score
20 Walk Score

Highlights

9539 Green Meadow Road presents a passive investment fund opportunity of two six-unit apartment buildings; the MFR properties are not for sale.
20% monthly cash-on-cash, high-yield investment opportunity seeking $100K in second-position debt financing for renovation.
Offered with a 20% return, paid immediately every month, $1,667 (interest only) on a 12-36 month term (fixed return 15% for $50K or 20% for $100K).
Subject generates $70K per year, and ownership’s existing first position debt is only $350K (property valuation $650K – less than 40% LTV).
Located in Windham Village, outside of the Cleveland MSA, off the Ohio Turnpike toll road (Interstate 80), enhancing regional connectivity.
Cap Rate: 20.00 %

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional 61 min - 44.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Yoda Regev 650-374-5912 H&Y Property Holding LLC
Yoda Regev 650-374-5912 H&Y Property Holding LLC