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Businesses For Sale   >>   New Mexico Businesses For Sale

Apartment Complex For Sale

Location  New Mexico,United States
Asking Price Range  < $250K
Gross Revenues  $42000
Net Profit / Cash Flow  $38000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1981
Number of Employees  1 - 3
Inventory  225000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Retirement.

Description  
Apartment complex(es): one is a 6 unit rental consisting of 1 two bedroom unit and 5-one bedroom units. Monthly income is presently at $2,150.00 per month with potential for growth through rental increase ( rents are low for the area and condition of apartments, need to implement an increase in rents now). Last appraisal was 3+ years ago and was for $172,000. Asking $165,000.obo. 2nd property is a 3 unit complex ( all one bedrooms and one is in need of repairs from ceiling leak) and a nice sized one bedroom house on same property that needs minor updating. Income is presently $745.00 per month with the one bed. apt. and the one bed. house UNRENTED. When those are rented the income from this property is $1,500.00- 1,750.00 per month. Asking $40,000.00 obo. Please emali or call 505-623-0945 for serious inquiries only please.


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