Seller Financing Available

Asking Price:

$449,900

Gross Income:

$72,893

Cash Flow:

$60,030

FF&E:

N/A

Inventory:

N/A

Real Estate:

$500,000 at last appraisa *

Year Established:

1987

Employees:

N/A

Business Types:

Hotels & Other Lodging Places
Miscellaneous Services

* included in the asking price

Business Description

Turn key opportunity comprising of two separate properties - very high occupancy rate. Long term tenants. 25 years property management history. New roofs and paint. Room to build additional units on land. Adjoining lots also available by separate negotiation. Priced well below appraisal for quick sale!

Detailed Information

Facilities:

Appraised for $500,000 in 2011 the business has two separate and distinct properties comprising of ten duplexes situated on a 3.31 acre and 1.9 acre tract. Each duplex has two units (either2 or 3 beds, kitchen, dining area, living room &1 bath).Total sq. footage is estimated to be 18,864.(each unit between 768 & 996 sq. ft.

Financing:

Seller will consider financing qualified buyer with reasonable down payment.

Support/Training:

Seller will rrovide training and handover period.

Reason Selling:

Retirement

Broker Information

Rebecca Walker-Jones

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