Multi-Use Income Property For Sale
Location Arizona,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $385436
Net Profit / Cash Flow $282816
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable.
Reason for Sale Retirement.
Description Profitable multi-use income property for sale with warehousing, apartments, dormitory-style rooms, and two business space rentals on 5 acres +/-. Cap Rate = 10%.The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units, except one business rental, are newly constructed. Total estimated value of land and all improvements is $4,965,000! Contact agent for extensive history and rental information in file. The area supports other warehouse, apartment, and business space 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. 51000 sq ft, stand alone: Size of facilities is approximate. Property includes 6 warehouse units, 18-unit apartment building, a duplex, 19 -dormitory-style units, 2 fitness center facilities, an attached manufactured home. About 5,000 SF are vacant, but ready for build-out. Sale Price $2,800,000 includes Real Estate valued at $2,800,000. Email or call Jerry Crandall 928-445-1144.
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