Units Income Producing Asset For Sale
www.GlobalBX.com
Listing ID:
700135652
Listing Title:
Units Income Producing Asset For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=135652
Industry:
Real Estate
Industry Segment:
Other Real Estate
Country:
United States
State / Province:
Georgia
Area
City:
Decatur
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$196,080
Cash Flow:
$87,672
Cash Flow Type:
EBITDA
Year Established:
2006
Number of Employees:
1 - 3
Business Description:
Discount sales price: $55,000 per unit (property tax value - $103,000). Cap rate 8.85% and pro forma 10.35% (17 units are fully leased at $800 - $950 per unit). Rent roll is verifiable.
Uptrend:
- management fee is currently 8.5% - market average is 6%
- 5 units are under lease option agreement
- below income producing value
- new construction - 2006
Contact for more information on this property for sale.
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