(Home Based) Long Term Residential Property Firm Business

Charlotte, NC
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Asking Price:$204,990
Gross Revenue:$405,300
Cash Flow:$166,000
Established Year:2015
BUSINESS DESCRIPTION

For Sale: This home based business. Cash flow represents adjusted net profit in 2023. The sale price includes all office supplies and advanced technology systems. Revenue increased 19% over last year. This local long term residential real estate business is available. Pre-approved property leads are available and provided by the corporate office. Accounting and bookkeeping are in place. The owner manages all aspects of this business including finding and screening new tenants, processing rent payments, property inspections, repairs, and evictions. The revenue and net profits are very predictable and recurring. This business is being run from a home-based office and could be run semi-passively. Thirty four percent of all U.S. properties are rented and fifty percent of all these units are handled by property management companies.
The business has unlimited growth capacity depending on the new owner’s time commitment. This office is partnered with a well-established national brand. No prior real estate experience is needed. Customized property management software plus full training along with ongoing corporate support are included.


DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Not Included in asking price
Employees
3
Facilities
Includes FF&E. Contact for detailed information about this business.
Competition
Industry leading name.
Growth & Expansion
High demand, continual long-term growth business.
Financing
Third party financing is available.
Support & Training
Full training and support will be included.
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Dennis Anderson
Anderson & Anderson
Dennis Anderson