Business for Sale Overview:
This is an attractive student rental investment opportunity in excellent condition throughout. Owners maintain this property on a regular basis with little or no deferred maintenance noted. Excellent rental history and a solid investment opportunity. Assumable 6% loan payable at $17,900 per month plus taxes and insurance. 30 Year amortization with a 10 year balloon due January 2012. No prepayment.
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:
# Buildings: 3 buildings all of which are 3 Stories.
Age: Built in 1990.
# Units: 54 units total, all with 4 bedrooms.
# Students: Licensed for 216 students.
Exterior: Brick veneer & vinyl.
Condition: Above Average.
Parking Spaces: 164 at $135 per year.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.