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Multiunit Complex
Location: United States -> Las Vegas, Nevada Usa
Industry: Real Estate > Other Real Estate




Business Summary

These are not just any 76 rental townhomes with 100% occupancy, these 76 townhomes all have individual addresses and individual assessor numbers, i.e.; can be sold separately. This 76 townhomes are completely occupied as mentioned, were completely updated and rehabbed. The seller also owns an additional 10 townhomes for a total of 86 townhomes. The 76 townhomes that are fully rehabbed and completely rented are for sale for the posted $5mm. The seller will sell all 86 (10 not rehabbed), other ten - price TBD.
The annual gross income of the 76 townhomes is $634,152. The homeowners' association annual fees are $104,880 (equals to approximately $101 per unit per month). Annual taxes for the 76 townhomes are approximately $23,000 Annual repair/maintenance costs per unit is less than $300.....total cost layout completely is approximately $22,000. Annual expenses are approximately $148,000. The cap rate is in excess of 10% . All utilities are paid by the tenants. The homeowners association is very healthy with over $400,000 in reserves! More information will be disclosed after signed NDA.

Call 425-223-6021 for more information


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $634,152
Cash Flow:   $634,152
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1995
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700251806
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Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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