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Apartment Complex For Sale By Owner
Location: United States -> Florida -> Crystal River
Industry: Real Estate > Other Real Estate

Business Summary

We have a 19 apartment complex for sale in Crystal River, Florida. We are asking $749,000 for 5 buildings on same block at 740 NE 5th ave.

2 building have 7 2 bed apt 1 bath central A/C cement block with individual electric meters and water meters. They rent for $550 per month and are on 7 month leases each. We currently have 2 vacant, then on Crystal St. We have 1 duplex with 2 2bed 1 bath that rents for $600.00 each. A 3 bed 2 bath house that rents for $750 and another duplex with 2 1 bed 1 bath that rents for $450.00 each. Current income is about $8,000 a month. We also have a laundry area for tenants of 2 washer and 2 dryers coin operated split fee of 50/50 and brings a little over $100 month. Buildings built in 1973 and are close to town and schools. Taxes are about $1,000 a month and utilities about $1,000 a month.

We have owned and operated since March of 1996. We are 70's and looking to retire. If you have any questions can be reached at 352-563-9857 Dick and Kris.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $96,000
Cash Flow:   $96,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1996
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Retiring - we are both in our 70s

Print Listing Id: 700245563
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