Sell a Business!
Post a business for sale for as little as $99.95! |
|
|
Minnesota Business For Sale |
|
|
|
| STUDENT HOUSING RENTAL INVESTMENT |
|
|
|
| Attn: Mike Schmitt |
| Ivy Apartments |
| St Cloud, MN, USA |
|
|
|
|
|
|
| Asking Price: |
|
$4,200,000 USD USA Dollars |
| Business for Sale Industry: |
|
Commercial Real Estate: Multifamily |
|
|
|
|
|
Business for Sale Overview:
|
|
This is an attractive student rental investment opportunity in excellent condition throughout. Owners maintain this property on a regular basis with little or no deferred maintenance noted. Excellent rental history and a solid investment opportunity. Assumable 6% loan payable at $17,900 per month plus taxes and insurance. 30 Year amortization with a 10 year balloon due January 2012. No prepayment.
|
|
Property Features and Assets:
|
|
# Buildings: 3 buildings all of which are 3 Stories.
Age: Built in 1990.
# Units: 54 units total, all with 4 bedrooms.
# Students: Licensed for 216 students.
Exterior: Brick veneer & vinyl.
Condition: Above Average.
Parking Spaces: 164 at $135 per year.
|
|
|
|
|
|
|
Additional Details:
|
- The property is owned.
- 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.
|
|
|
|
|
|
To contact the seller of this
specific business for sale please complete and submit the following
form.
|
|
|
| Please provide any
additional details: |
|
|
* Indicates required field.
|
|