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Asking Price:	$5,650,000 USD USA Dollars
Business for Sale Industry:	Commercial Real Estate: Multifamily
Reason for Selling:	Health.
Yearly Revenues:	$608,400

Business for Sale Overview:

Northwood Village contains 6 two-story multi-family residential buildings providing 52 two-bedroom apartments. The property was originally permitted for 60 units, and there is the ability to provide for 3 single family residential lots on the adjacent acreage. All units have been very well maintained, and there is the ability to convert and sell the units as residential condominiums as the market permits. Further expansion of an additional building and the development of the northern parcel provide even greater revenue potential. This is an excellent investment vehicle or an opportunity for a 1031 tax deferred exchange.

Property Features and Assets:

Gorgeous campus-like setting on 81.6+/- acres with 52 two-bedroom apartment units. There are tremendous views, lots of open space, two beautiful ponds, and access to area amenities. All of the apartments are single level and offer an open layout consisting of kitchen, living/dining area, bedrooms, closets, and full bathroom. Most units also have exterior decks. There is a fitness facility and a laundry room on site.

Market Competition and Expansion:

This is the only complex of its kind within about 10 miles.

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 may become a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.