Owner Financing is Available
Business for Sale Overview:
Profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and two business space rentals on 5 acres approximately. Cap Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units, except one business rental, are newly constructed. Total estimated value of land and all improvements is $4,965,000!
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:
Size of facilities is approximate. Property includes 6 warehouse units, 18-unit apartment building, a duplex, 19 -dormitory-style units, 2 fitness center facilities, an attached manufactured home. About 5,000 Square Feet are vacant, but ready for build-out.
Market Competition and Expansion:
The area supports other warehouse, apartment, and business space rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres approximately currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors.
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.