Commercial and Residential Rental Property Invest

Not Disclosed, KY


Asking Price: Annual Revenue:
$2,305,635 $195,600

Commercial Real Estate: Office Space, Office Parks


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RE: Commercial and Residential Rental Property Invest Broker: Dick Sullivan
Owner Financing is Available!
1000000.00

Quick Facts

Asking Price: $2,305,635
Annual Revenue: $195,600
Net Profit: Not Disclosed
Cash Flow: $195,600
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,305,632
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 870758549
Broker Reference #: 94356-281906

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Business Overview:

Income Producing Investment Portfolio that includes a combination of Commercial and Residential Rental Properties. Includes 18 residential units (apartments) and 3 Commercial Units. All are currently rented with long term leases and Tenants in place who wish to stay. The first of these three locations which includes 3 residential rental units is located minutes to Downtown Nashville, minutes from Germantown and across the river from the soon to be massive Oracle Building Development. The second location which includes 9 residential rental units is located in Midtown Nashville. The third sight is located minutes away in Hopkinsville KY right across the border of TN and includes 9 recently rehabilitated residential units as well as three commercial units. All three locations have Tenants in place and collect a total of $16,300.00 per month. All three locations are in opportunity zones which allow for a tax free transfer assuming the new owner holds the properties for at least one year. Seller is willing to finance $1,000,000.00 of the total sale price. This is a turnkey operation with minimal attention required by ownership. Option to Purchase sites separately or as a combination of the entire investment portfolio. By request of the Owner this sale is required to be structured as a Stock Sale.

-Cap Rate of 11.78
-As Is, Inspections for Information Purposes Only
-Opportunity Zones applicable for all three locations
-Annual Rent $195,600.00
-Montly Rent $16,300.00
-Seller Financing Available up to $1,000,000.00
-No Interior Photos as Tenants are in Place

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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.

Relevant Links:

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