Residential Property Management Business

Virginia Beach, VA
Virginia Beach City County


Asking Price: Annual Revenue:
$130,000 $118,000

Services: Real Estate


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RE: Residential Property Management Business Broker: George Dungan
License #: 0225201842
Owner Financing is Available!
Partial owner financing possible depending on financial strength of the buyer.

Quick Facts

Asking Price: $130,000
Annual Revenue: $118,000
Net Profit: $100,000
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1980
Employees: 2
BBN Listing #: 971658287
Broker Reference #: Not Disclosed

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Business Overview:

Very well established residential property management business for sale. Only 2 owner/employees and they both want to retire. Over 100 properties under management and they are located in Virginia Beach, Chesapeake, and Norfolk. All maintenance work is contracted out so the only thing the owners do is the actual leasing and management. *The purchaser of this business must have an active Va real estate broker license.

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Property Features and Assets:

Located in a small office space that is currently leased with the lease expiring in December.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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