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Income Property: Apts, 2 Fitness Ctrs, Warehousing

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. The area supports other warehouse and apartment rentals. The seller offers very competitive rates and amenities. The local economy is strong and may be able to support more rental units on 3 acres +/- currently undeveloped and included in the sale. Large mining interests in the area are driving above average growth in many business sectors.