Business For Sale

Services: Real Estate


Apartment Management Business

Auburn, AL

Asking Price: Annual Revenue:
$449,900 $72,893

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RE: Apartment Management Business Broker: Rebecca Walker-Jones OLD Inc. Business Brokers
Owner Financing is Available!
Seller will consider financing qualified buyer with reasonable down payment.

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Quick Facts

Asking Price: $449,900
Annual Revenue: $72,893
Net Profit: Not Disclosed
Cash Flow: $60,093
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $500,000
Year Established: 1987
Employees: Not Disclosed
Listing Number: 570436250

Business Overview:

Turn key opportunity comprising of two separate apartment complexes - very high occupancy rate. Long term tenants. 25 years property management history. New roofs and paint. Room to build additional units on land. Adjoining lots also available by separate negotiation. Priced below appraisal for quick sale!

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Property Features and Assets:

Two separate and distinct properties comprising of ten duplexes situated on a 3.31 acre and 1.9 acre tract in a neighborhood containing other multi-unit and single family residential properties. Each duplex has two units (either 2 or 3 beds, kitchen, dining area, living room &1 bath). Total square footage is estimated to be 18,864 (each unit between 768 & 996 sq. ft.). Seller will provide training and handover period.

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.

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