Property Management
Not Disclosed, FL Not Disclosed
North Tampa area
Request More Information Contact the Seller
- RE: Property Management
- Contact: Dan Gore
Quick Facts
| Asking Price: | $5,300,000 | |
| Annual Revenue: | $455,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $333,120 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $5,000,000 | |
| Year Established: | 2014 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 1010228 | |
| Broker Reference #: | 1033-19432 |
Business Overview:
Investment properties package for sale: 22 Single-family rental homes valued close to $5M. Cluster in North Tampa area. Each tenant is hand-picked, low maintenance, 6 to 8 years average stay. Low risk renters have to meet stringent criteria to become a tenant. Around $300K Net Income per year is equal to a 6% cap rate. $425K gross income. Owner self-insures so estimate new owner may pay $75K per year in insurance.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Homes kept maintained and in good shape, roofs, AC everything up to date.
Assets = $5,000,000
Market Competition and Expansion:
Rent rates are very competitive; well below Zillow rent rates.
Unlimited potential for growth in the Tampa area.
Reason for Selling:
Retirement age. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Florida businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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