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Apartment Building-110 Rooms

(Industry: Lessors of Residential Buildings and Dwellings )

Mesa, Arizona
United States

Financial Information

Asking Price: $8,060,000
Annual Receipts: $392,615
Cash Flow: $256,819
Downpayment: negotiable
FF&E: $544,000   ( Included in Asking Price)

Business Summary

This apartment could be turned into condos. The area is still in growth mode. Income shown is for 2008. Business has slowed some this year. There is an equipment lease for 12 washers and 10 dryers. The new rail system from Mesa to Apache Junction will be constructed in 2012-2015. Sale is based on bank appraisal value agreed upon by Seller and Buyer. Contact Bob Holloway at 480-888-0550 or bobsbiz@cox.net.

Building & Property

Building: n/a
Real Estate Available: Yes
Real Estate Asking: n/a  (Not Included in Asking Price)

General Information

Reason for Sale: Retirement
Franchise: No
Homebased: No
Relocatable: No
Year Established: 1990
Year Acquired: 1992
Employees: FT: 1, PT: 2

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Weblisting

ListingID#: TEMPEAZ001-N701

Business Category:
Lessors of Residential Buildings and Dwellings

Contact Information

Robert Holloway
SUNBELT of Phoenix East Valley
(480) 223-1234

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