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Business For Sale
REAL ESTATE / 10 UNIT APARTMENT BUILDING
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Asking Price: |
$650,000
USD USA Dollars
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Business for Sale Industry: |
Commercial Real Estate: Multifamily
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Year Established:
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1911 |
Business for Sale Overview:
Built in 1911, This 10 Unit Apartment House is a very good investment with a profitable supplemental income.
10 Unit Apartment House w /3 Units consisting of: 1 - 1br. 1 - 1 br. w/ den, 1 - 2br., with a 100% occupancy.
1 unit at $500 a 1 - br.
2 units at $450 2 - 1 br.
4 units at $550 all 1 br.
Total rent $5,500 per mo., or $66,000 a year. Annual expenses / $10,00 a year. Annual taxes: City / $4,180 and County / $3,147.
Annual net income: $48,673
Additional income potential are 10 storage units @ $20.00 per mo. and 7 parking spaces @ $20.00 per mo.
Property Features and Assets:
Bldg. Size: 7,210 Sq.ft. Constuction: Brick. Stories: 3. Parking Spaces: 7.
Additional Details:
- The property is owned.
- The owner is not 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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