Positive Cash Flow, Instant Equity Apartment
Location:
United States
->
Montana
Industry: Real Estate > Other Real Estate
Business Summary
Positive Cash Flow & Instant Equity! 29 unit apartment building with 27 units rehabbed. Valued at $650,000. Buy at $420,000. Apartments rented as were finished. Currently 7 vacancies (2 need rehabbing), actual rents received are $6,075/mo With zero vacancy rents would be $9,240 per month. Professional property management in place. At full capacity, including all expenses, a positive cash flow of approximately $4264/month. Immediate positive cash flow, which will increase as the finished units are rented.
14 studio units = $3,850 12 units x1 BR = $3,840 2 units x 2 BR = $800 1 unit x 3 BR = $450 Laundry income = $300 Priced to move very quickly for health reasons. This is a great opportunity to step in and finish with minimal expense what is started and with immediate positive cash flow. Located in Montana, USA. Owner financing available. Contact for pictures and more information on this Apartment Building for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$9,240
Cash Flow:
$4,264
Cash Flow Type: EBITDA
Inventory: $650,000
Seller Financing: Yes
About The Business
Year Established: 1913
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
About The Sale
Reason For Selling: Health related.
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: 70037718
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