Residential and Commercial Property Mgmt Co and RE
Listing Number: 60091-248932
Listing Details
- Down Payment: $4,950,000
- Sales: $408,000
- Seller's Discretionary Earnings: $314,000
- Inventory: $0
- Furniture, Fixtures, and Equipment: $250,000
- Rent: $34,000
- Employees:
- Year Established: 2016
- Reason for Selling: Retirement
Business Description
The company's diverse real estate portfolio comprises 17 manufactured homes ranging from 980 to 1,568 square feet, one duplex, two single-family residences, and one commercial auto repair facility. Additionally, the acquisition includes two parcels of land zoned for residential and rural use—measuring 0.13 acres and 18 acres, respectively—ideal for future development. At the current asking price, the income-generating rental properties offer an attractive capitalization rate of 7.01%.
Key Investment Highlights:
- Robust portfolio of 24 properties (detailed asset list available upon request from the broker)
- Total Improvements size is 33,026 sq. ft.
- Consistent financial performance with an approximate annual income of $408,000
- Exceptionally stable asset class boasting an occupancy rate exceeding 95%
- Prime land available for future development
- Significant infrastructure improvements already in place, including active utilities and a foundation on a 0.13-acre lot, and established road access to an 18-acre parcel