GlobalBX Lite Edition Search 1000s of Businesses For Sale.  
Buy a Business, Sell a Business, and find a Business Broker here.  

Welcome to the GlobalBX Directory. This is a just small sample of our Other Real Estate listings from our 46,138 businesses for sale. If you are looking to buy a business or sell a business, we can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, research a franchise opportunity, get a commercial loan, or find a business broker. Click Here to access our full site.

Sell Your Business - Free Listing! Get Business, Equipment and Commercial Real Estate Financing Sell Your Business or Real Estate Note

Businesses For Sale   >>   Other Real Estate Businesses For Sale

Raleigh Rental Properties For Sale

Location  North Carolina,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $610989
Net Profit / Cash Flow  $470073
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1997
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Seller will provide training
Reason for Sale  Other business demands

The owner purchased the 96 rental properties at the end of 2011. The vacancy percentage was 30% due to maintenance needs and appliance replacements needed. The past owner wanted to sell the properties and did not want to invest in repairs. The current owner hired a maintenance crew to make all the repairs needed and replaced the appliances needed. The current occupancy is 100% and there is a waiting list for the rental properties. There are a total of 96 rental units. The rental units are located in the following towns: Dunn (81 units), Erwin (10 units), and Linden (5 units). The breakdown of properties is as follows: Single Family Holmes 58; Trailers 1 double wide; Duplexes, Triplex and Quads 10 buildings; Offices 11; Lots 2 (no rental units. One lot could have 4 units (duplexes) built and one lot could be a single family home. All rents are due on the 6th of the month and are paid in cash or cashiers check. The monthly rents range from $365 to $1,200. The average monthly rent is $515. The current monthly rent for all units is $49,475 per month. The rental leases are for one year. The staff consists of 2 maintenance men (1099) they each average 25 to 30 hours per week and are paid $10.00 & 11.00 per hour. The maintenance men can paint, plumbing, sheetrock and one also has HVAC permit. They never have to call any outside companies. 1 full time office employee paid $9.00 per hour. She receives $25 commission on any new tenant she rents too. Seller financing Available and Assumption of Original Seller's Note.

Click Here To Contact Seller

For more opportunities like this go to:
All Real Estate Businesses for Sale
Commercial and Residential Real Estate Brokers Businesses for Sale
Mortgage Brokers Businesses for Sale
Other Real Estate Businesses for Sale
Title and Escrow Businesses for Sale
Other North Carolina Businesses for Sale
Search Businesses For Sale

Get Free Information on all of the Top Franchises

Get a Business Loan, Find Commercial Lenders


Sign up for Free Industry-Related News on Business and Franchise Opportunities

Get Free Franchise Information!

© 2001-15 GlobalBX. All rights reserved.