Income Property - Apartments, Fitness Centers & Warehousing
Location Arizona,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $439938
Net Profit / Cash Flow $329460
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 4 - 5
Inventory 52200
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Training Negotiable.
Reason for Sale Retirement.
Description Highly profitable multi-use income property for sale with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-. Cap Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units are newly constructed. Total estimated value of land and all improvements is $4,965,000! See agent for extensive history and rental information. Seller works part-time in business and wife runs the fitness center. Many alternatives for running the entire operation exist. The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres +/- currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors. Sale Price $3,000,000, includes in the sale price Real Estate Valued at $2,800,000, FF & E $52,000, Inventory $200. Email or call Jerry Crandall 928-445-1144.
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