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The Wall Street Journal Online

Successful Real Estate Venture

St. Petersburg, Florida (Pinellas County)

Photo Available
Asking Price:
$3,300,000
Gross Income:
N/A
Cash Flow:
N/A
FF&E:
N/A
Inventory:
N/A
Real Estate:
N/A
Year Established:
N/A
Employees:
N/A
Business Types:
Other Business Services
Miscellaneous Services

Business Description

Monthly revenues of $43,000/month. Currently portfolio value
is $9.1m Equity share, 50/50 in profits with $6m investment.
Seller is offer equity participation from $5M to 8.5M for this
venture or will work with investor/equity partner in financing
of properties. Hold some, quick turn others in trust or LLC with
50/50 share in beneficial interest or ownership. Seller has tax
credits for any interested buyer. We manage and use
property, you put up funds to carry property 1-2 years out by
end of 2nd beginning of 3rd year for appreciation, this is a
low discount buy from short, some monthly revenues,
estimated return 23% or more annual basis on each, in some
cases significantly more. This is a quick turn and
management company in real estate, residential single family
properties that has adapted to the market changes by also
building a significant monthly rental revenue stream. The
owner is looking for a buyer to purchase its current system,
and entry can be had for as low as $1m. Become an equity
partner and have a piece of the underwritten portfolio,
specifically through a cash injection of $3m so that all
mortgages can be paid off and/or reduced significantly for
maximum monthly cash flow. Gross Revenue Rate of return to
an investor would be approximately $43,000 per month (with
an estimate increase average of $5k/month with this amount
estimated to be at $67,000 by end of year) plus equally share
in the profit from the sale of properties and acquisition of cash
flowing rentals which minimum rate of return is estimated at
23% however it is expected to be significantly higher as more
properties begin to sell. The system utilized by the business
finds properties that do not require liability in the beginning,
however capital is needed to manage, repair, and better the
properties on a monthly basis. For additional information email
info@floridabusinesssales.com or call 813-280-1500.

Detailed Information

Reason Selling:
To secure a buyer for purchase of the total system or an equity partnership
Contact Seller

Broker Information

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Business For Sale Listed By

Florida Business Sales
Florida Business Sales

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