Property Management — North Tampa area, Florida, USA - Business for Sale
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Single-Family Rental Portfolio in North Tampa, FL
North Tampa, FL, US
Added 4 months ago
Property Management
12 years in business
Retiring Owner
A portfolio of 22 single-family rental homes in North Tampa, Florida, operated as investment properties with long-term tenants and a reported net income of approximately $300,000 per year.
Key Information
Asking
$4.5M
Revenue
$455K
Earnings
$333K
Multiple
13.5x
Key Highlights
- Includes 22 single-family rental homes valued close to $5,000,000
- Annual net income: $333,120
- Gross income: $425,000
- Net income represents a 6% cap rate
- Years established: 12
- Properties are clustered in North Tampa, FL
- Average tenant stay: 6 to 8 years
- Estimated insurance cost for new owner: $75,000 per year
Contact Info
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