Metro Detroit Property Management Business with Growth Potential
Business Description
Opportunity to acquire a growing property management business serving the Metro Detroit area, including Dearborn, Troy, Detroit, Plymouth, Novi, and Livonia. The company currently manages 10 residential rental properties and provides services such as tenant placement, rent collection, maintenance coordination, and property inspections.
The business operates from a small 800 sq. ft. office in Dearborn with affordable month-to-month rent, offering flexibility for relocation if desired. Systems are already in place to manage day-to-day operations, and the business is supported by an office manager and call center support to assist with administrative tasks and tenant communications.
Revenue is generated through monthly management fees averaging approximately $150 per property, creating recurring income from the current portfolio. The Metro Detroit rental market continues to grow as more investors enter the market, creating ongoing demand for professional property management services.
This opportunity is ideal for someone interested in the real estate or property management industry, including real estate professionals looking to expand services or entrepreneurs seeking a scalable, service-based business with recurring revenue.
With only 10 properties currently under management, the business offers significant opportunity to grow by adding more rental units, building relationships with local investors, and increasing marketing efforts within the territory.
Seller financing may be available for qualified buyers.
Additional information will be provided to qualified buyers upon completion of a Non-Disclosure Agreement (NDA).
The business operates from a small 800 sq. ft. office in Dearborn with affordable month-to-month rent, offering flexibility for relocation if desired. Systems are already in place to manage day-to-day operations, and the business is supported by an office manager and call center support to assist with administrative tasks and tenant communications.
Revenue is generated through monthly management fees averaging approximately $150 per property, creating recurring income from the current portfolio. The Metro Detroit rental market continues to grow as more investors enter the market, creating ongoing demand for professional property management services.
This opportunity is ideal for someone interested in the real estate or property management industry, including real estate professionals looking to expand services or entrepreneurs seeking a scalable, service-based business with recurring revenue.
With only 10 properties currently under management, the business offers significant opportunity to grow by adding more rental units, building relationships with local investors, and increasing marketing efforts within the territory.
Seller financing may be available for qualified buyers.
Additional information will be provided to qualified buyers upon completion of a Non-Disclosure Agreement (NDA).
About the Business
- Years in Operation
- 3
- Employees
- 2 Full-time
- Franchise
- This business is an established franchise
- Facilities & Assets
- The business operates from an approximately 800 sq. ft. office in Dearborn with affordable month-to-month rent, offering flexibility to relocate if desired. The lean setup keeps overhead low while providing space for daily operations, administrative work, and tenant or client meetings.
- Market Outlook / Competition
- Metro Detroit has a large and active rental market as investors continue purchasing residential properties. Demand for reliable property management services remains steady, as many property owners prefer professional management for tenant screening, maintenance coordination, and rent collection.
- Opportunities for Growth
- With only 10 properties currently under management, there is substantial room for growth. Opportunities include expanding marketing to local investors, building referral relationships with real estate agents, and increasing the number of rental units managed throughout the Metro Detroit area.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 800
- Rent
- $1,000.00 per month
About the Sale
- Seller Motivation
- Owner is relocating
- Transition Support
- Transition support will be provided to help the buyer understand day-to-day operations, property management processes, tenant communication, and vendor coordination. This assistance will help ensure a smooth handoff and allow the new owner to confidently manage and grow the portfolio.
- Financing Options
- TBD
Listing Info
- ID
- 2482219
- Listing Views
- 11
Listing ID: 2482219 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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