Semi-Absentee Residential Property Management Co
-
Listing No.: 106-15119
-
Category: Service
| Asking Price | $850,000 |
| Down Payment | $750,000 |
| Gross Revenue | $518,356 |
| Total Adjusted Net Income | $272,291 |
| Equipment/Fixtures | $15,000 |
| Year Established | 1991 |
| General Location | South Riverside County |
Nearly absentee residential property management company for sale in Southwest Riverside County. Well diversified portfolio consisting of single family homes. Company is primarily staff run with the owner only spending 5 – 10 hours per week in the business. Company is well established and revenue has been very consistent. Buyer must possess or be able to obtain a real estate broker license. Seller is retiring and will provide training. This opportunity will sell fast! Please contact listing agent, Sean Seaman, immediately for more details. (858) 472-3297.
| Gross Revenue | $518,356 | Listed Price | $850,000 |
| Total Income | $272,291 | Down Payment | $750,000 |
| Base Rent | $ | Square Feet | 1,200 ft2 |
| Total Rent | $1,950 | Lease Description | |
| Rent Deposit | $1,750 | Lease Options | Month to Month |
| Inventory | $ | Leashold Improvements | $ |
| Equipment/Fixtures | $15,000 | Other Assets |
| Full-Time Employees | 3 | Training Period | 2 Weeks |
| Part-Time Employees | 1 | Special License Required | RE Broker |
| Contract Staff | Reason for Selling |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.