Positive Cash Flow, Instant Equity Apartment
Location Montana,United States
Asking Price Range $250K - $500K
Gross Revenues $9240
Net Profit / Cash Flow $4264
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1913
Number of Employees 1 - 3
Inventory 650000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Health related.
Description Positive Cash Flow & Instant Equity! 29 unit apartment building with 27 units rehabbed. Valued at $650,000. Buy at $420,000. Apartments rented as were finished. Currently 7 vacancies (2 need rehabbing), actual rents received are $6,075/mo With zero vacancy rents would be $9,240 per month. Professional property management in place. At full capacity, including all expenses, a positive cash flow of approximately $4264/month. Immediate positive cash flow, which will increase as the finished units are rented.
14 studio units = $3,850 12 units x1 BR = $3,840 2 units x 2 BR = $800 1 unit x 3 BR = $450 Laundry income = $300 Priced to move very quickly for health reasons. This is a great opportunity to step in and finish with minimal expense what is started and with immediate positive cash flow. Located in Montana, USA. Owner financing available. Contact for pictures and more information on this Apartment Building for sale.
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