Apartment Complex For Sale By Owner

www.GlobalBX.com

Listing ID: 700245563

Listing Title: Apartment Complex For Sale By Owner

Quick Link: http://www.globalbx.com/listing.asp?bId=245563

Industry: Real Estate

Industry Segment: Other Real Estate

Country: United States

State / Province: Florida

Area

City: Crystal River

Asking Price Range: $500K - $1.0M

Gross Revenues: $96,000

Cash Flow: $96,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1996

Number of Employees: 1 - 3

Business Description:
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.



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