Multi-Use Income Property For Sale

Business description

Profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and two business space rentals on 5 acres +/-. Cap Rate = 10%.The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units, except one business rental, are newly constructed. Total estimated value of land and all improvements is $4,965,000! Contact agent for extensive history and rental information in file. 51000 sq ft, stand alone: Size of facilities is approximate. Property includes 6 warehouse units, 18-unit apartment building, a duplex, 19 -dormitory-style units, 2 fitness center facilities, an attached manufactured home. About 5,000 SF are vacant, but ready for build-out.

Property information

Real Estate:

Real Property Included

Location:

Graham County, Southern Arizona

Premises details:

51000 sq ft, stand alone: Size of facilities is approximate. Property includes 6 warehouse units, 18-unit apartment building, a duplex, 19 -dormitory-style units, 2 fitness center facilities, an attached manufactured home. About 5,000 SF are vacant, but ready for build-out.

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, apartment, and business space rentals. The seller offers very competitive rates and amenities.

Support & training:

Negotiable

Reasons for selling:

Retirement

Owner financing:

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

Financing available:

Seller may carry for qualified buyer.