Absentee Cash Flowing 18-room Boarding House For Sale - Business for Sale
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18-Room Boarding House in Mercer County, NJ
NJ, US
Added 15 days ago
Boarding House Rental Property Management
Absentee / Semi-Absentee
Boarding house in Mercer County, NJ with 18 rooms rented on a short-term basis, operating in a largely absentee manner and fully licensed for boarding and safety compliance.
Key Information
Asking
$1.4M
Revenue
$198K
Earnings
$140K
Multiple
10.0x
Key Highlights
- Boarding house has 18 rooms, all currently occupied
- Minimum rent is $215/month; some larger rooms rent for $875/month
- Property is 6,276 sq ft, 3 stories, built in 1880, on 0.25 acres
- Business is operated largely absentee; onsite resident assists with tasks and rent collection
- Annual expenses are $58,000
- Property is fully licensed and up to code; recent upgrades include a new electric panel, roof (2 years old), boiler and hot water heater (3 years old)
Contact Info
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