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Listed by:

Sunbelt of Naples and Fort Myers

Confidential For Sale

Florida, US
Asking Price:
$2,450,000 Furniture / Fixtures included
Sales Revenue:
$336,250
Cash Flow:
$283,960

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%

Property Information

Real Estate:

Real Property Included

Premises Details:

N/A

Business Operation

Expansion Potential:

A buyer can add additional units to this cluster as properties become available.

Competition / Market:

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.

Reasons for selling:

Moving to the Keys

Employees:
Full Time: 1, Part Time: 1
Years established:
17

Other Information

Support & training:

Seller will provide two weeks of detailed training.

Furniture / Fixtures value:
$114,000 - included in the asking price
Home based:
This business can be run from home.

Contact Information

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