Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

AmeriSpec Home Inspection Franchise Opportunity

Handyman Matters Franchise Opportunity

ServiceMaster Clean Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

100 Unit Apartment Portfolio - Cash Flowing
Location: United States
Industry: Real Estate > Other Real Estate

Business Summary

I am currently selling a 100 unit apartment portfolio. 95% occupancy. Grossing $48,000 per month, netting $35,000 per month with room for growth. I could manage it for you for 5% of net. No major or immediate capital improvements needed. Great shape. 7 different properties in the portfolio, each located in a nice, thriving area of Northern or Central Michigan. Great rental history. These apartments represent half of my current apartment holdings, and I am selling them to raise capital for other projects. Vacancy is generally only 2%; however, 22 of the units have been recently rehabbed from a resort motel to apartments, and that caused the occupancy to dip in those units only, lowering the percentage for the portfolio. But there is rarely vacancies with this portfolio. 2% is the average. A very strong portfolio that is cash flowing very well. I am selling it for $3.5 Million cash, but will also carry 25% paper for increased purchase price.


Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $576,000
Cash Flow:   $420,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Raising capital for other projects

Print Listing Id: 700185064
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!

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

Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700185064
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.