Seller's Contact Information

  • RE:  Commercial And Residential Rental Property Invest
  • Contact:  Dick Sullivan
Listing Update!
Update: Commercial And Residential Rental Property Invest is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Commercial Real Estate: Office Space, Office Parks Industry.

Business Overview:

Income Producing Investment Portfolio that includes a combination of Commercial and Residential Rental Properties. Includes 22 residential units (apartments) and 3 Commercial Units. All are currently rented with long term leases and Tenants in place who wish to stay. Tennessee locations include the Columbia (2 sites/7doors), Clarksville(3 sites/4 doors), and Mt. Pleasant (2 sites/2 doors) areas. The remaining sight is located minutes away from the TN border 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 $22,616.00 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 10.52
-As Is, Inspections for Information Purposes Only
-Opportunity Zones applicable for all three locations
-Annual Rent $271,392.00
-Montly Rent $22,616.00
-Seller Financing Available up to $1,000,000.00
-No Interior Photos as Tenants are in Place

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

Opportunity Update!

Exciting update: Commercial And Residential Rental Property Invest has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!

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Cash Flow Not Disclosed
Revenue Not Disclosed

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Choctaw County

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Cash Flow $65,000
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