Profitable New 18 Unit Apartment Building
Location Arizona,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $154214
Net Profit / Cash Flow $130882
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable.
Reason for Sale Retirement.
Description Highly profitable, newly constructed 18-unit apartment building for sale (2008).
Cap Rate = 11%. The current occupancy rate is 100%. Apartments and most rental units are newly constructed. The area supports other apartment rentals. The seller offers very competitive rates and amenities. Both furnished and unfurnished apartments are rented. The local economy is strong and may be able to support more apartment units on 3 acres +/- currently undeveloped that may be purchased separately. Large mining interests in the area are driving above average growth in many business sectors including short- and long-term rental housing. 18-unit apartment (2- bedroom, 1 - bath, kitchen, living/dining area). Apartments may be rented furnished or unfurnished, 17,000 sq ft. Sale Pirce $1,175,000. Real Estate valued at $1,175,000 included in sale price. Email or call Jerry Crandall 928-445-1144.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
