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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site. Businesses For Sale   >>   Real Estate Businesses For Sale Categories   >>    Commercial Land For Sale, Commercial Real Estate Business For Sale, Commercial Real Estate By Owner Business For Sale, Commercial Real Estate Brokerage Business For Sale, Escrow Business For Sale, Mortgage Business For Sale, Mortgage Brokers Business For Sale, Real Estate Agency Business For Sale, Real Estate Business For Sale, Real Estate Brokerage Business For Sale, Storage Business For Sale, Title Business For Sale, Title and Escrow Business For Sale, Other Real Estate Business For Sale

Raleigh Rental Properties For Sale Location  North Carolina,United States Asking Price Range  $2.5M - $5.0M Gross Revenues  $610989 Net Profit / Cash Flow  $470073 Cash Flow Type  Sellers Discretionary Cash Seller Finance  Yes Year Established  1997 Number of Employees  1 - 3 Relocatable  No Number of Employees  1 - 3 Real Estate  Owned Training  Seller will provide training Reason for Sale  Other business demands Description  The owner purchased the 96 rental properties at the end of 2011. The vacancy percentage was 30% due to maintenance needs and appliance replacements needed. The past owner wanted to sell the properties and did not want to invest in repairs. The current owner hired a maintenance crew to make all the repairs needed and replaced the appliances needed. The current occupancy is 100% and there is a waiting list for the rental properties. There are a total of 96 rental units. The rental units are located in the following towns: Dunn (81 units), Erwin (10 units), and Linden (5 units). The breakdown of properties is as follows: Single Family Holmes - 58; Trailers - 1 double wide; Duplexes, Triplex and Quads - 10 buildings; Offices - 11; Lots - 2 (no rental units. One lot could have 4 units (duplexes) built and one lot could be a single family home. All rents are due on the 6th of the month and are paid in cash or cashiers check. The monthly rents range from $365 to $1,200. The average monthly rent is $515. The current monthly rent for all units is $49,475 per month. The rental leases are for one year. The staff consists of 2 maintenance men (1099) they each average 25 to 30 hours per week and are paid $10.00 & 11.00 per hour. The maintenance men can paint, plumbing, sheetrock and one also has HVAC permit. They never have to call any outside companies. 1 full time office employee paid $9.00 per hour. She receives $25 commission on any new tenant she rents too. Click Here To Contact Seller      For more business opportunities like this go to: http://www.globalbx.com

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