NOT DISCLOSED, Florida
| Asking Price |
$5,300,000 |
Year Established |
2014 |
|
| Annual Revenue |
$455,000 |
Reason for Selling |
Retirement age. |
|
| Annual P/L |
$0 |
Attention |
Dan Gore |
|
| Annual Cash Flow |
$333,120 |
Listing Number |
1010228 |
|
| # of Employees |
|
Business Category |
Services: Real Estate |
|
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.
Property Features and Assets:
<p>Homes kept maintained and in good shape, roofs, AC everything up to date. <br></p><p>Assets = $5,000,000</p>
Market Competition and Expansion:
<p>Rent rates are very competitive; well below Zillow rent rates. <br></p><p>Unlimited potential for growth in the Tampa area. <br></p>
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