Apartment Complex For Sale
Location:
United States
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New Mexico
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Roswell
Industry: Real Estate > Other Real Estate
Business Summary
Apartment complex(es): one is a 6 unit rental consisting of 1 two bedroom unit and 5-one bedroom units. Monthly income is presently at $2,150.00 per month with potential for growth through rental increase ( rents are low for the area and condition of apartments, need to implement an increase in rents now). Last appraisal was 3+ years ago and was for $172,000. Asking $165,000.obo. 2nd property is a 3 unit complex ( all one bedrooms and one is in need of repairs from ceiling leak) and a nice sized one bedroom house on same property that needs minor updating. Income is presently $745.00 per month with the one bed. apt. and the one bed. house UNRENTED. When those are rented the income from this property is $1,500.00- 1,750.00 per month. Asking $40,000.00 obo. Please emali or call 505-623-0945 for serious inquiries only please.
Financials
Asking Price Range: < $250K
Gross Revenues:
$42,000
Cash Flow:
$38,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $225,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1981
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
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: 70051778
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