Listing ID: 37945

Business Overview

Step into a golden investment opportunity with a centrally located, 42-unit value-add apartment complex.

This two-story concrete block asset, with all roofs replaced within the past 6 years, features all 2-bedroom, 1-bathroom units with 900 sq ft of space.

The complex presents substantial growth potential.

There’s an opportunity to recover $83K or 14% in loss-to-lease by aligning rents with the market rates.

A light value-add strategy could generate a 45% average monthly rental upside, amounting to $468K. Current rent stands at $1,200/month, but with surrounding area prices, potential exists to increase rents to $1,500/month.

Fresh from a 2023 rehab, every unit is newly renovated with rents set to increase to $1,325 plus utilities.

Implementing a water/sewer/trash reimbursement program and installing laundry connections/machines can significantly augment the revenue stream.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $6,500,000
  • Cash Flow: $430,000
  • Gross Revenue: $575,520
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Step into a golden investment opportunity with a centrally located, 42-unit value-add apartment complex.

Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.

Competition:

This two-story concrete block asset, with all roofs replaced within the past 6 years, features all 2-bedroom, 1-bathroom units with 900 sq ft of space.

Opportunities and Growth:

A light value-add strategy could generate a 45% average monthly rental upside, amounting to $468K. Current rent stands at $1,200/month, but with surrounding area prices, potential exists to increase rents to $1,500/month.