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 today
Boarding House Rental Property Management
41 years in business
Absentee / Semi-Absentee
Boarding house in Mercer County, NJ with 18 rooms for rent, operating on a largely absentee basis and offering short-term accommodations in a fully licensed, 3-story property.
Key Information
Asking
$1.4M
Revenue
$198K
Earnings
$140K
Multiple
10.0x
Key Highlights
- Business has been established for 41 years
- Boarding house has 18 rooms, all currently occupied, with rents ranging from $215 to $875 per month
- Property is 6,276 square feet, 3 stories, on 0.25 acres, built in 1880
- Expenses are $58,000 per year
- Property is fully licensed and up to code, including boarding, fire/safety, housing/building, and boiler permits
Contact Info
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