Portfolio with Real Estate SFH ,Multi Family ,Commercials locations,
Asking Price: | $21,980,900 |
Established Year: | 1997 |
Real Estate: | $21,980,900 |
Real Estate Investment Portfolio Available Massive income Potential
**Property Summary**
This portfolio includes Single-Family Homes (SFHs), multi-family residences, and commercial properties.
**Business Summary**
The business focuses on property management and real estate inventory. (To expedite the process, please provide proof of funds when requesting information on this portfolio. The portfolio will be sold on a cash-only basis and in an "As Is" condition. Conventional financing is not applicable for this portfolio.)
**Executive Summary**
The business and property portfolio, owned by a Florida corporation (the "Seller"), includes properties located two blocks from the ocean. The Seller has been renovating all properties over the years. This portfolio offers a positive cash flow when rented.
**Investment Company**
This company specializes in renting various types of properties, including homes, condos, apartments, and commercial properties, to residents in the Daytona Beach area. The Selling Memorandum contains information about the business, relevant aspects of Daytona Beach for investors, and details of the sale process.
**Property Management Firm and Property Portfolio**
Ownership: 100% by a Florida Corporation
Property Portfolio: The portfolio includes:
- Multi-family homes in Daytona Beach (Beachside)
- Single-family homes in Daytona Beach (Beachside)
- Vacant lots
- Commercial properties in Daytona Beach
**Key Highlights**
- High occupancy rate during peak times across multi-family, single-family, and condo properties
- Significant redevelopment opportunities for many properties
- Real estate holdings have been professionally appraised
**Brief History & Services**
Founded by its owner in 1997, the business started with 2-3 rental properties and now manages close to 100 units. The company's greatest achievement is its growth over the last twenty years, both in terms of rental units and profit. The business offers rentals across its investment properties in the Daytona Beach area, including single and multi-family homes, apartments, condos, and commercial units. All rentals are based on annual leases. Any unrented property is always advertised as available, and the services offered are not seasonal.
**Organization**
The business office is staffed by the owner, one full-time employee, and two part-time employees. The maintenance staff includes two full-time, on-call employees. The business fosters a safe and comfortable work environment, which contributes to positive relationships with tenants and potential clients.
**Real Estate**
The real estate is owned and included in the asking price.
**Competition**
Purchasing the portfolio in cash can increase profits and cash flow. The competition is minimal as others do not own real estate.
**Growth & Expansion**
There is significant growth potential in Florida as rental prices are rising rapidly.
The sale of the real estate portfolio package is not income based and it's value is determined through appraisals, comps and redevelopment opportunities that the properties offer.
The properties are listed "AS IS" and under first right of refusal and with no contingency offers/contracts accepted. This is a cash only listing.
**Financing**
The owner will finance $1 million with a full-price offer.
BUSINESS LOCATION