Property Management - Business for Sale
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Single-Family Rental Portfolio in North Tampa, FL
FL, US
Added 3 months ago
Property Management
12 years in business
A portfolio of 22 single-family rental homes clustered in the North Tampa, Florida area, focused on long-term tenants with stringent screening criteria.
Key Information
Asking
$4.8M
Revenue
$455K
Earnings
$333K
Multiple
14.4x
Key Highlights
- Business consists of 22 single-family rental homes in North Tampa valued close to $5,000,000
- Annual net income is $333,120
- Gross income is $425,000
- Net income of approximately $300,000 per year equates to a 6% cap rate
- Owner self-insures; estimated insurance cost for new owner is $75,000 per year
- Average tenant stay is 6 to 8 years
- Business has been established for 12 years
Contact Info
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