Absentee Cash Flowing 18-Room Boarding House - Business for Sale
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18-Room Boarding House in New Jersey
NJ, US
Added 2 months ago
Boarding House Property Rental
40 years in business
Absentee / Semi-Absentee
Boarding house in New Jersey with 18 fully occupied rooms rented on a short-term basis, operating in the home and property services industry.
Key Information
Asking
$1.4M
Revenue
$198K
Earnings
$140K
Multiple
10.0x
Key Highlights
- Boarding house has 18 rooms, all currently rented with no vacancy
- Minimum monthly rent is $215; some larger rooms rent for $875/month
- Property is 6,276 sq ft, 3 stories, on 0.25 acres, built in 1880
- Business has been operated by current owner for over 40 years
- Expenses are $58,000 per year
Contact Info
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