Real Estate Related — North Tampa area, Florida, USA - Business for Sale
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Single-Family Rental Home Portfolio in North Tampa, FL
North Tampa, FL, US
Added 4 months ago
Real Estate Investment and Property Management
12 years in business
This listing is a portfolio of 22 single-family rental homes in the North Tampa area of Florida, generating rental income from long-term tenants.
Key Information
Asking
$4.5M
Revenue
$455K
Earnings
$333K
Multiple
13.5x
Key Highlights
- Investment properties package includes 22 single-family rental homes in North Tampa, Florida
- Total property value is stated as close to $5,000,000
- Annual gross income is $425,000
- Annual net income is around $300,000
- Business has been established for 12 years
- Current owner self-insures; estimated insurance cost for a new owner is $75,000 per year
- Average tenant stay is 6 to 8 years, with stringent tenant selection criteria
- Reported cap rate is 6%
Contact Info
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