Business for Sale Overview:
This GREAT INCOME GENERATING property has been established for over 6 years with current owner, has a great customer base since 1980 and is well known in the occupying territory. Take of advantage on investing in such well established, charming and successful unique business. The business offers 16 spacious rooms including 3 master bedrooms on each floor. The renters enjoy private, well kept full size kitchens on each floor, including refrigerators and stoves, and a meeting area on first floor. House is located in down town of Riverside, only minutes from the Historic District, Mission Inn, and recreation centers.. Property Features :The building (house) was built in 1903, and has 4,227 sq. ft. of living space in a beautiful 8,470 sq. ft back yard and parking spots. R-3 zone. It operated as a Chapman House from 1980 till 2002, and then sold to current owner (with over 40 beds), and after extensive remodeling/refurbishing, reopened as a income generating property in 2003, and has run continuously since.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Business offers 16 spacious rooms (one tenant in each room), including 3 master bedrooms on each floor. The renters enjoy private, well kept full size kitchens on each floor, including refrigerators and stoves, and a meeting area on first floor.
Market Competition and Expansion:
NO COMPETITION ON THE MARKET. Very unique property. Most renters properties, not including this one, in particular, are surviving / thriving in these difficult economic times. This house has positive cash flow every month, with no vacancy at all.
Reason for Selling:
Cash to buy
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.