Property Management
Business Description
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.
About the Business
- Years in Operation
- 12
- Currently Home Based
- Yes
- Facilities & Assets
- Homes kept maintained and in good shape, roofs, AC everything up to date.
- Market Outlook / Competition
- Rent rates are very competitive; well below Zillow rent rates.
- Opportunities for Growth
- Unlimited potential for growth in the Tampa area.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement age.
- Transition Support
- Will train for 1 week @ $0 cost.
Listing Info
- ID
- 2502583
- Listing Views
- 127
Listing ID: 2502583 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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