Real Estate Rental Biz with 99% Annual ROI

Asking Price$2,800,000

Gross Revenue
$380,000

Net Operating Income$275,000

FF&E$2,970,000
Included in asking price
Building Sq. Ft.16080

Price per Sq. Ft.$174.00

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Real Estate Rental Biz with 99% Annual ROI


Asking Price$2,800,000

Gross Revenue
$380,000

Net Operating Income$275,000

FF&E$2,970,000
Included in asking price
Building Sq. Ft.16080

Price per Sq. Ft.$174.00


Seller Financing Available
Property Description
99% annual return on investment PLUS significant real estate appreciation potential!!

Twenty homes in an upscale, gated community with 100% occupancy and very favorable lease terms.

Low Maintenance
The condo association handles all outside maintenance, plus all repairs within the walls, up to and including sheetrock. All units were remodeled within the last few years.

Low HOA fees, Low Taxes, Low Insurance
Tons of amenities for your tenants... Pools, Lakes, Ponds, Gazebos, Playgrounds, Community Room, etc. Great HOA staff handles all of the paperwork for you!

High ROI
With as little as $280k down, you can purchase this $2.8m real estate package with a net profit of $275k annually AND GROWING!

Huge Growth Potential
The Real Estate market is HOT and rental rates are skyrocketing. And with around 1 MILLION people moving to Florida each year, the demand is far outpacing the supply.

Convert to AirBnb & Increase Profits
Convert one or more units to AirBnb and see a dramatic increase in profit potential.
About the Property
Type
Multi-Family
Building Status
Established
Facilities & Assets
20 Renovated Rental Homes in an Upscale Gated Community with 99% occupancy history. 8 two bed townhouses, 4 one bed condos, and 8 studio apartments.
Location Description
Highly desireable, upscale gated community 11 miles N of Tampa Airport with numerous amenities for your tenants.
Current and Prior Use
99% rental history.
Year Built
1982
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
Negotiable
Current Property Expenses
HOA $62k, Repairs 14k, Prop Tax $28k
Listing Info
ID:
2400675
Listing Views:
263
Attached DocumentsAttachment Disclaimer

Info Packet.pdf


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Property Listed by: Michael Bartolotta

Listing ID: 2400675 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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