• Listing ID: 1268975
  • (Seller ref: 01-401)

Apartments In Joplin Missouri For Sale


Location:
Category:
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Type:

Asking price:
$5,650,000
Sales revenue:
$580,900
Cash flow:
$485,340
Years established:
1996
Employees:
4FT

No image available

REAL ESTATE: Apartments: 89 unit apartment complex consisting of 1 and 2 bedroom apartments and 2 bedroom townhouses. Complex was hit by the EF-5 tornado that swept through Joplin on 5/22/2011 and is currently under reconstruction. Targeted for completion in April, 2012, all units will be like new, with very minimal maintenance and vacancy rates near zero for the foreseeable future. There is a 2 acre lot adjacent to the complex being sold separately by the same owner that could be purchased for expansion. Real estate offered by Quality Real Estate Services, LLC.


Real Estate:
Real Property Included
Premises details:
Real Estate: $5,650,000 Included in asking price.

Support & training:
Owner would assist in transition period.
Reasons for selling:
Retirement

For more information about this business for sale, click the Contact Seller button.


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