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Apartments, Laundromat and Lot (Caryville, United States) Asking Price:$649,000

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Apartments, Laundromat and Lot


Revenue $, Cash Flow $, Established 1982

It has 23 total rental units 9 units rent weekly, 12 1 bedroom and 2 bedroom that rent monthly. The property also has a Laundromat that is open to the public. The property in there is about 2.6 acres of real estate with lots of road frontage that isn't being used. Cary Ville Town. is a small but growing town off of Interstate 75, within the last year a Holiday inn is opened about 300 yards away and a Dollar general store about 100 ft. Away and this property has enough extra room to build or lease to another business Rent needs to be raised at all apartments to keep up the rates for this area. Me and my father own this property and my father is 72 yrs old and we have lots of other rental property. I would rather focus my time on rental houses and other projects than the other.

Business Information

Number of Staff

Ownership

1

Any Expansion potential

Reasons for selling

I have lots of other rental property to take care of

Any Inventory / Stock value

Is this a home-based business

No

Property

Telephone

Business Location details

Competition / Market

his is the only Apartments or Laundromat in the city of Caryville. There are 4 motels close by one o

Trading hours

Any Support & training

I could train anyone very quickly and I live very close by.

Any Furniture / Fixtures

Any Living Accommodation

Can this business be relocated?

No

Is this business part of a franchise?

No