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Jerry Crandall
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Highly profitable multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-. Cap Rate = 10%. The current occupancy rate ranges from 74-100% across all rental units. Apartments and most rental units are newly constructed. Total estimated value of land and all improvements is $4,965,000! See extensive history and rental information in file. Seller works part-time in business and wife runs the fitness center. Many alternatives for running the entire operation exist.
Asking Price:
$3,000,000
Gross Income:
$439,938
(last 12 months)Cash Flow:
$329,460
(last 12 months)Inventory Value:
$52,000
| Year Established: | 1975 | Business is Closed: | No | |
Seller Financing Available:  |
No | Owner Operated: | No | |
| FF&E included: |
Yes | Home-based: | No | |
| FF&E Value: | Training provided | Yes | ||
| Real Estate is included: |
Yes | Easily Relocated: | No | |
| Value of Real Estate: | $2,800,000 | Number of Employees: | 4 | |
| Real Estate Square Footage: |
51000 sq ft, multi-use income property with warehousing, apartments, dormitory-style rooms, and fitness center on 5 acres +/-.
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