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Alabama Business For Sale |
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| 3 APARTMENT COMPLEXES, ASSUMABLE LOAN |
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| Attn: Lanier Chew |
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| Saraland (Mobile County), AL, USA |
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| Asking Price: |
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$11,250,000 USD USA Dollars |
| Business for Sale Industry: |
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Commercial Real Estate: Multifamily |
| Yearly Revenues: |
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$951,785 |
| Yearly Cash Flow: |
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$804,275 |
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Business for Sale Overview:
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These three modern apartment complexes are located in Saraland, Alabama in Mobile County, which is enjoying one of the strongest local economies in America. The oldest of the properties was constructed in 2002 with the last development being completed in 2007. All three developments are at 100% occupancy with a waiting list at all three locations. Saraland is a community north of the City of Mobile near the location of the new Thyssen Krupp steel mill, which was the largest industrial development announcement in the history of the United States. Over 29,000 employees will be employed for several years in the construction of the plant. Rents in the area are rising, as housing for these employees is at a premium. There is an assumable loan on the property plus seller will negotiate financing for part of the balance.
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- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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