Units Income Producing Asset For Sale
Location Georgia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $196080
Net Profit / Cash Flow $87672
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Discount sales price: $55,000 per unit (property tax value - $103,000). Cap rate 8.85% and pro forma 10.35% (17 units are fully leased at $800 - $950 per unit). Rent roll is verifiable.
Uptrend:
- management fee is currently 8.5% - market average is 6%
- 5 units are under lease option agreement
- below income producing value
- new construction - 2006
Contact for more information on this property for sale.
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