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Business For Sale

Real Estate: Apartments - #01-401

Joplin, MO

Commercial Real Estate: Multifamily

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$5,650,000
$588,900
Not Disclosed
$485,340
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
$5,650,000
1996
4
31152743

Business Overview:

89 unit apartment complex consisting of 1 and 2 bedroom apartments and 2 bedroom townhouses. Complex was hit by the EF-5 tornado that swept through Joplin on 5/22/2011 and is currently under reconstruction. Targeted for completion in April, 2012, all units will be like new, with very minimal maintenance and vacancy rates near zero for the foreseeable future. There is a 2 acre lot adjacent to the complex being sold separately by the same owner that could be purchased for expansion.

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.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: