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Businesses For Sale   >>   Mississippi Businesses For Sale Categories   >>   

85 Unit Apartment Complex For Sale

Location  Mississippi,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $792000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2008
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Orientation will be provided.
Reason for Sale  Desire to look at additional investments.
Description  85 Total Apartment Units located in 3 developments under same ownership. All three complexes are located iwthin the city limits of West Hattiesburg. 3 & 4 square are approximately 3 blocks from the University of Southern Mississippi. They back up to the Rails to Trails offering safe travel for students to USM. 1 Square is located in Lamar county directly behind the Grand Theater. Here is a summary of the units. 1 Square 3 Square 4 Square 615 Thornhill Dr. 3414 W. 7th St. 3422 W. 7th St. 2-8 Plex 2 bdrm 1 ba 2-4 Plex 2 bdrm 1 ba 1-4 Plex 2 bdrm 1 ba 2-8 Plex 2 bdrm 2 ba 1-8 plex 2 bdrm 2 ba 6-4 plex 4 bdrm 2 ba 2-duplex 4 bdrm 2 ba 2-duplex 3 bdrm 2 ba 1 offi/apt 1 bdrm 2 ba Summary 1 bdrm 2 ba 1 unit 1 3 bdrm 2 ba 2 duplex 4 4 bdrm 2 ba 2 duplex 4 2 bdrm 1 ba 3 4 plex 12 4 bdrm 2 ba 6 4 plex 24 2 bdrm 2 ba 3 8 plex 24 2 bdrm 1 ba 2 8 plex 16 1 bdrm 2 ba 1 Off/Apt 1 Total Units 85 Actual Gross Selling Complex Units Annual Rents Price 1 Square 32 $249,600 $2,000,000 3 Square 16 $134,400 $1,100.000 4 Square 36 $408,000 $3,056,000 office 1 Totals 85 $792,000 $6,156,000 For more information individual data sheets for each unit are available. Also Income and expense data is available to serious prospects.
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