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Business for Sale Overview:

10 Unit Apartment Income: 3 Units consisting of: 1 - 1br. 1 - 1 br. w/ den, 1 - 2br., at $650/mo. 1 1-br. unit at $450/mo. 6 1- br. units at $550/mo. Total rent is $68,400 a year. Annual expenses are approx. $12K to $13K a year including annual taxes: City-$4,180 and County-$3,147. Insurance runs $1,544 per year. Water is paid by landlord and averages around $500 per quarter. Additional income potential are 10 storage units @ $20.00 per mo. and 7 parking spaces @ $20.00 per mo. Currently the seller believes that 3 or 4 of each are rented although this is not included in the income figures. Units are separately metered for Electric, water is paid by landlord.

Property Features and Assets:

Building Size: 7,210 Square Feet., 3 Floors.

Additional Details:

• The property is owned.
• The owner is not willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.