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Businesses For Sale   >>   Missouri Businesses For Sale Categories   >>   

Real Estate: 89 Unit Apartment Complex

Location  Missouri,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $588900
Net Profit / Cash Flow  $485340
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1996
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Owned
Training  Owner would assist in transition period.
Reason for Sale  Retirement.
Description  REAL ESTATE: Apartments: 89 unit apartment complex consisting of 1 and 2 bedroom apartments and 2 bedroom townhouses. Complex was hit by the EF-5 tornado that swept through Joplin on 5/22/2011 and is currently under reconstruction. Targeted for completion in April, 2012, all units will be like new, with very minimal maintenance and vacancy rates near zero for the foreseeable future. There is a 2 acre lot adjacent to the complex being sold separately by the same owner that could be purchased for expansion. Real estate offered by Quality Real Estate Services, LLC.
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