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Apartments |
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| Listing ID: NAZ91179 Graham County |
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Highly profitable, newly constructed 18-unit apartment building (2008). Currently 94% occupied. Contact Jerry Crandall 928-445-1144 or jerry@wcibusinessbrokers.com
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| Listing Details | |
| Industry: | Real Estate and Rental and Leasing |
| Title: | Apartments |
Listed Price: |
$1,175,000 |
Total Sales: |
$143,272 |
| Owner Cash Flow: | $116,890 |
Fixtures, Furniture & Equipment: |
$0 |
| Real Estate: | $1,175,000 (Included in listed price) |
Inventory: |
$0 |
| Financing / Terms: Seller may carry for qualified buyer. Seller has other income producing assets that can be purchased separately. |
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| Reason for Sale: Retirement |
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| Training & Support: Negotiable |
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Period Involved | 2010 (Annualized - based on 6 Mo) |
| Executive Summary | |
| Business Description: Highly profitable, newly constructed 18-unit apartment building (2008). The current occupancy rate is 94%. Apartments and most rental units are newly constructed. Contact Jerry Crandall 928-445-1144 or jerry@wcibusinessbrokers.com |
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| Historical Summary: See document titled "Financial Summary" in file. |
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| Owner Qualifications: Seller oversees operation. |
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| Competition: The area supports other apartment rentals. The seller offers very competitive rates and amenities. Both furnished and unfurnished apartments are rented. |
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| Potential for Growth: The local economy is strong and may be able to support more apartment units on 3 acres +/- currently undeveloped that may be purchased separately. Large mining interests in the area are driving above average growth in many business sectors including short- and long-term rental housing. |
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| Operations | |
Year Established: |
2008 |
| Year of Last Acquisition: | 2008 |
| Form of Ownership: | Limited Liability Company |
| Percent of Business Online: | 0 % |
| Days & Hours of Operation: | n/a |
| Number of Employees: | |
| Location | |
| Type of Location: | Stand-alone |
| Square Footage: | 17000 |
| Facilities / Location Description: Newly constructed 18-unit apartment (2- bedroom, 1 - bath, kitchen, living/dining area). Apartments may be rented furnished or unfurnished. |
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| Option: | Seller owns a Lease-Purchase Agreement on property |
| Terms and Conditions: | Transferable |