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Property Management Business with Real Estate Near the Beach


Asking Price:$2,450,000

Cash Flow:$283,960

Gross Revenue:$336,250

EBITDA:N/A

FF&E:$114,000

Inventory:N/A

Real Estate:$1,615,000

Established:2004

Business Description

Property Management with a 16.8 Capitalization Rate

This Realtor owned Property management business in SW Florida comes with two Quadplexes that were renovated in 2018. The properties have advanced booking through April of 2022 with 1/3 down deposits. The owner lives in one unit and rents out the other 7 units on a weekly basis. The property is located just one block form the beach and in close walking distance to many bars and restaurants. The Cap Rate is 16.81%

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
12,000
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All eight units are in immaculate condition and the property is very well maintained. 7 of the 8 units will come fully furnished.
Competition:
There are no other quadplexes in this town. Mostly there are duplexes and just a few triplexes. In addition, only two streets in the entire town are zoned to allow weekly rentals. All others must do monthly rentals and those are far less profitable.
Growth & Expansion:
There is a opportunity to buy additional properties as well.
Support & Training:
Seller will provide training for two weeks in transition.
Reason for Selling:
Moving to the Florida Keys


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Background information

Reference:

NAPFL001-N67

Price and terms

Price:

$2,450,000