NOT DISCLOSED, Florida
| Asking Price |
$1,600,000 |
Year Established |
1976 |
|
| Annual Revenue |
$183,494 |
Reason for Selling |
|
|
| Annual P/L |
|
Attention |
Buyer Email list |
|
| Annual Cash Flow |
$51,270 |
Listing Number |
1005327 |
|
| # of Employees |
|
Business Category |
Services: Financial, Accounting, Insurance |
|
Business Overview:
Offered for sale is a rare opportunity to acquire a 10-unit condominium portfolio located within a highly
desirable 55+ active adult community in Pembroke Pines, Florida.
The package consists exclusively of 2 bedroom / 2 bath units spread across multiple buildings within the
complex, providing diversification within a single gated, amenity-rich campus.
The community features resort-style pools, clubhouse, social rooms, fitness facilities, tennis courts,
courtesy shuttle service, on-site security, and a strong owner occupant base creating consistent demand
and stable long-term occupancy.
The units are primarily in original condition, presenting a clear value-add renovation opportunity. Current market rents for unrenovated units range from approximately $1,700–$1,900 per month, with renovated units achieving materially higher rents and resale values.
Rental Grandfathering Structure
Due to association rules limiting new rentals in the community, the portfolio must be acquired via transfer of the existing LLC. This structure preserves the portfolio’s grandfathered rental rights, allowing the buyer to continue operating the units as rentals without interruption. This represents a significant competitive advantage in a 55+ community where rental supply is tightly restricted.
Investment Highlights
10 unit stabilized 2BR / 2BA condo portfolio
Prime 55+ gated community in central Broward County
Strong in-place rents with upside through interior renovations
Grandfathered rental status preserved through LLC transfer
Limited competing rental inventory within the community
Offered as a package at $1,600,000
Operating Expense Snapshot
Condo Association Fees: approximately $95,775 annually ($7,981.23 per month, portfolio-wide)
Real Estate Taxes: approximately $34,086 annually (portfolio-wide)
Despite the association fee structure, the grandfathered rental status and restricted rental supply support stable occupancy and long-term pricing power.
Offering Notes
This offering is well suited for an investor seeking stable cash flow in a restricted rental environment, with the ability to implement a value add renovation strategy over time.
All buyers must execute an NDA, complete a buyer profile, and provide proof of funds.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity