Well-established Residential Real Estate Business

Not Disclosed, AZ
Maricopa County


Asking Price: Annual Revenue:
$525,000 $555,149

Services: Real Estate


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RE: Well-established Residential Real Estate Business Broker: Bryan Vitagliano
Owner Financing is Available!

Quick Facts

Asking Price: $525,000
Annual Revenue: $555,149
Net Profit: Not Disclosed
Cash Flow: $223,302
Total Debt: Not Disclosed
FF&E: $3,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 911346649
Broker Reference #: Not Disclosed

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Business Overview:

Established nearly 20 years, this business works with investors to build and manage investment portfolios of higher-end, single family, residential rental properties. The company manages these properties throughout the life-cycle of the rental property, from acquisition to sale. The business will transfer 64 properties and facilitate the continued relationship of the 27 homeowner investors.

The business has a data-driven approach to identifying and acquiring homes for their investor-clients. The business also has proprietary processes developed over tens of years allowing for a streamlined approach to procuring quality, long-term tenants and managing the property through well-established vendor relationships, removing the need to be the tenant’s point of contact for maintenance service or repairs. All processes, relationships (to vendors and investors) will convey with the sale. Both the management agreements and the rental agreements with tenants are a year in length with auto-renew; and the rental commission received ranges from 10-12% of the monthly rent with an average monthly rent of $1,714.

This is a great opportunity to acquire a business with proven systems that produce recurring revenue, little overhead, and well-established investor relationships that have historically bought and sold through this business on average around 15 homes a year.

The owner is selling to relocate and retire from real estate; however, he is very interested in the future success of the company for the next owner and is willing to help with all aspects of the transition. The business is priced to sell at $525,000.

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Market Competition and Expansion:

There is opportunity for growth.

Reason for Selling:

Retirement

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.

Relevant Links:

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