Residential Investment Opportunity in Thompson, MB

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Category: Businesses For Sale

Price: $7,235,000

Executive Summary

- Gross rent revenue is $111,000/month - Average vacancy rate ranged from 10-15% over in the past 12 months. At 10% as of November 2018. - Multiple capital upgrades over the past four years, such as roof, laundromat, etc. - Assumable first mortgage of $3.2 million at 2.28%.


Operation

Industry: Hotel\/Motel & Other Lodging

Growth and Expansion: N/A

Year Established: 1970

Employees: 4

Location: Northern Manitoba


Listing Details

Listed Price: $7,235,000

Annual Sales: $1,300,000

Discretionary Earnings: $616,000

Assets Included: 5 buildings, comprising of 108 rental units

Sale Structure: Asset Sale

Reason for Sale: Retirement

Training and support: Yes

Listing Id 140354