Income Property - Apartments, Fitness Centers & Warehousing
Location:
United States
->
Arizona
->
Graham
Industry: Real Estate > Other Real Estate
Business Summary
Highly profitable multi-use income property for sale with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-. Cap Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units are newly constructed. Total estimated value of land and all improvements is $4,965,000! See agent for extensive history and rental information. Seller works part-time in business and wife runs the fitness center. Many alternatives for running the entire operation exist. The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres +/- currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors. Sale Price $3,000,000, includes in the sale price Real Estate Valued at $2,800,000, FF & E $52,000, Inventory $200. Email or call Jerry Crandall 928-445-1144.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$439,938
Cash Flow:
$329,460
Cash Flow Type: Sellers Discretionary Cash
Inventory: $52,200
Seller Financing: Not Disclosed
About The Business
Year Established: 1975
Number of Employees: 4 - 5
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Negotiable.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Real Estate > Other Real Estate business for sale.
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Print Listing Id: 700114669
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