Income Property Apartments 2 Fitness Centers And Warehousing For Sale

Business description

Highly profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-. Cap Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units are newly constructed. Total estimated value of land and all improvements is $4,965,000! See extensive history and rental information in file. Seller works part-time in business and wife runs the fitness center. Many alternatives for running the entire operation exist. The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres +/- currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors. Sale includes Real Esate Valued at $2,800,000

Property information

Real Estate:

Real Property Included

Location:

Graham County, Arizona: 51000 sq ft, multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-.

Premises details:

Graham County, Arizona: 51000 sq ft, multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-.

Other information

Expansion potential:

The local economy is strong and may be able to support more rental units on 3 acres +/- currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors.

Competition / Market:

The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities.

Support & training:

Negotiable

Reasons for selling:

Retirement

Trading hours:

Fitness Center Only - M- Sun

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller may carry with a substantial down payment for a qualified buyer. Seller may sell apartments and other assets separately.

Furniture / Fixtures value:

$52,000 (included in the asking price)

Inventory / Stock value:

$200 (included in the asking price)