27 Townhouse style apartment multi family complex
| Asking Price: | $42,500,000 | Inventory: | $1 ++ |
| Gross Revenue: | $305,400 (comments below) | Real Estate: | $1,000,000 ++ |
| Cash Flow: | $229,105 (comments below) | FF&E: | $27,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 9 units to be completed this month and ready for occupancy | |||
| Cash Flow Comments: cash before roi, depreciation and federal income tax | |||
This 27 unit Town House Style residential apartment development located in Southwest, WA. The complex consists of 9 each 3 bedroom, 2 ½ bath units; 9 each 2 bedroom, 2 ½ bath units; 2 each 2 bedroom, 1 bath units and 7 each 2 bedroom, 2 ½ bath units. 25 units offer attached garages with electric openers and remotes and 2 units have attached car ports. Units are equipped with a full complement of appliances, washer/dryer hook-up’s and generous closet space and storage. The units have custom detailing throughout with an upgraded appearance and quality craftsmanship. There is 4.33 acres adjacent that is preliminarily platted for up to 32 additional units which may be purchased in addition to the 27 multi family complexes.
About the Business
Year Established:2008
Employees:1 part time
Market Outlook and Competition:Located in growth area. Limited competition for this caliber of multi -family complexes
About the Sale
Management Training and Support:Seller willing to train and assist in transition for a limited period of time from date of closing at no additional cost to buyer.
Reason For Selling:Completion of complex
Seller Financing:All cash
KEYWORDS: apartment complex, townhouse apartments, multi family, investment property
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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