Owner Financing is Available
Business for Sale Overview:
Highly profitable, newly constructed 18-unit apartment building (2008). The current occupancy rate is 94%. Apartments and most rental units are newly constructed. The area supports other apartment rentals. The seller offers very competitive rates and amenities. Both furnished and unfurnished apartments are rented. Financial information is based on 6 months 2010 Annualized.
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.
Property Features and Assets:
17,000 square feet, newly constructed, 2- bedroom, 1 - bath, kitchen, living/dining area, apartments may be rented furnished or unfurnished.
Market Competition and Expansion:
The area supports other apartment rentals. The seller offers very competitive rates and amenities. Both furnished and unfurnished apartments are rented. The local economy is strong and may be able to support more apartment units on 3 acres approximately currently undeveloped that may be purchased separately. Large mining interests in the area are driving above average growth in many business sectors including short- and long-term rental housing.
Reason for Selling:
Retirement
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.