Apartment Complex For Sale
www.GlobalBX.com
Listing ID:
70051778
Listing Title:
Apartment Complex For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=51778
Industry:
Real Estate
Industry Segment:
Other Real Estate
Country:
United States
State / Province:
New Mexico
Area
City:
Roswell
Asking Price Range:
< $250K
Gross Revenues:
$42,000
Cash Flow:
$38,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1981
Number of Employees:
1 - 3
Business Description:
Apartment complex(es): one is a 6 unit rental consisting of 1 two bedroom unit and 5-one bedroom units. Monthly income is presently at $2,150.00 per month with potential for growth through rental increase ( rents are low for the area and condition of apartments, need to implement an increase in rents now). Last appraisal was 3+ years ago and was for $172,000. Asking $165,000.obo. 2nd property is a 3 unit complex ( all one bedrooms and one is in need of repairs from ceiling leak) and a nice sized one bedroom house on same property that needs minor updating. Income is presently $745.00 per month with the one bed. apt. and the one bed. house UNRENTED. When those are rented the income from this property is $1,500.00- 1,750.00 per month. Asking $40,000.00 obo. Please emali or call 505-623-0945 for serious inquiries only please.
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