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Business For Sale
RENTAL APARTMENT BUILDING
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Asking Price: |
$4,750,000
USD USA Dollars
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Business for Sale Industry: |
Commercial Real Estate: Multifamily
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Reason for Selling:
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Moving. |
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Yearly Cash Flow:
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$492,981 |
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Yearly Gross Income:
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$789,708 |
Business for Sale Overview:
Great for Investor. Fully Rented. Upside potential in Rents! Features: 44 Apartments; 47 Parking; Elevator; Recently Refurbished; On a Main Road; Near Public Transportation; Laundry Room - 4 washers, 4 dryers. Lot Dimensions: 197'x180'. Year Built: 1963. Financials: Taxes $200,000. Act. Rent $547,728. Lgl. Rent $789,708. Expenses: (296,727). Act. NOI: $251,001. Lgl. NOI: $492,981
Property Features and Assets:
44-Units. Lot Dimensions: 197'x180'. Lot Area Sq. Ft.: 43,996. Lot Area Sq. Ft.: 43,996. Bldg Dimensions: 120'x100'. Building Area SF: 37,827. Zoning: Residence B. State Use: 411. Land Description: Apartments.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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