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.
- Asking Price:
- $5,300,000
- Sales Revenue:
- $455,000
- Cash Flow:
- $333,120
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Homes kept maintained and in good shape, roofs, AC everything up to date.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Unlimited potential for growth in the Tampa area.
- Competition / Market:
-
Rent rates are very competitive; well below Zillow rent rates.
- Reasons for selling:
-
Retirement age.
- Trading hours:
-
Monday-Friday 9am-10am
- Years established:
- 12
Other Information
- Support & training:
-
Will train for 1 week @ $0 cost.
- Home based:
- This business can be run from home
