Description of the business for sale
Very nice apartment complex with 6 units: 2-3 bedroom, 4-2 bedroom. Brick exterior, excellent condition new roof in 2005. Appliances less than 3 years old. Net annual revenue $29,400 approximately. Seller feels rent could easily be raised as he has not raised the rates in years. 100% rented. All tenets have been there 5 years of longer. There is a waiting list to get in. Seller is motivated to sell and will consider all reasonable offers. This property is part of a package of 4 properties all in the same area being offered for sale. A really good deal could be had if all 4 are bought as a package.