Owner Financing is Available
Business Overview:
11 Unit apartment located in Fayetteville. The building is in good condition. All the apartments are leased except one unit that is provided for the manager. The monthly rental income is $4,600 and the annual expenses including property tax is less than $7,000. The owner/manager could increase the monthly rent to $4,950 by not providing a free apartment to the manager. This is a great investment with a cap rate over 10%.
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.
Reason for Selling:
changing investments
Additional Details:
- The property is owned.
- The owner is 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.
Resources: