Owner Financing is Available
Business for Sale Overview:
This property has just been reduced $300,000, from $1,650,000 to $1,350,000. This listing is now listed $534,000 below the tax appraisal. Seller is very motivated, so bring an offer and he will give serious consideration to all offers. It is on TWSA sewer. There are 9 different apartment building with acreage that will allow 5 more 2 BR apartments per Forest Hill zoning. Seller is very motivated and will give serious to all offers. The approximate figures for the capital rate is 8%, which supports the asking price.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Excellent investment! Always a waiting list/near the university.
Market Competition and Expansion:
Lack of student housing makes any apartments highly desirable.
Reason for Selling:
retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.