Volusia County, FL Property Management Businesses For Sale

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6Daytona Beach Income PropertiesProfitable Property Management Business & Inventory of Properties
$12,995,000
Daytona Beach Income PropertiesProfitable Property Management Business & Inventory of Properties

Volusia County, FL

Real Estate and Property Management Co. for Sale Asking Price $12,995,000 Year Built N/A Asking Price/Sq. Ft. N/A Building Status Established Gross Income approximately Profitable $993,990.00 Currently 97% Occupied! This property management company owns and leases commercial & residential properties on Daytona Beach, FL. Included in the sale is a real estate portfolio of single-family and multi-family houses, Commercial Properties as well as, town homes Development. With an investment value in excess of $12,000,000 based on a nice % cap rate and an Approximately $12,500,000 tax assessment value. The opportunity is being offered by the owner. Brokers welcome with proof of fund from clients. Location Description: Beach side, Volusia county. Current & Prior Use: Commercial, Single & Multi-family residential rental units. Facilities: All properties have been recently renovated or updated by the owner over the last two years. Financing: Seller will finance $1,0000,000 EQUITY NDA WITH PROOF OR FUNDS REQUIRED information with out a signed NDA and proof of Funds with the NDA may not receive immediate attention. Daytona Beach side,South Daytona, Daytona Beach Shores Business Description Executive Summary For the Property management Co. and Real estate The Business and property portfolio is held under a Florida corp. (“Seller”). Seller has Remodeled all properties through out the years. This is a Portfolio of rental properties with positive cash flow. This portfolio of properties is included in the sale. This investment portfolio company specializes in renting homes, condos, apartments, and commercial properties to a variety of people in the Daytona Beach area. Information on the Business, aspects of Daytona Beach that may be of relevance to investors, and details of the sale process is contained in this Selling Memorandum. Property Management Firm with Portfolio of Properties Ownership: Florida Corp. (100%) Property Portfolio: Multiple property classes including: multi-family homes - Beach side Daytona Beach single-family homes - Beach side Daytona Beach vacant lots commercial-zoned properties in Daytona Beach Key Notes: • 97% occupancy rate during peak in the multi-family, single-family, and condos • Tremendous redevelopment opportunity for many of the properties • Real estate holdings have been professionally appraised in the past. Brief History: Services Offered The Business has rentals available across its portfolio of investment properties in the Daytona Beach area. They include single and multi-family homes, apartments, condos, and commercial units. Sales consist of annual rental leases only. Any property that is not currently rented is always advertised as available for rental. The services rendered are not cyclical—there is no season during which a tenant could not rent. The following pages contain the addresses and photographs of each individual property under management by Seller. The properties are located in Port Orange, Daytona Beach, and Daytona Beach Shores in Volusia County, Florida. The majority of the photographs show the exterior frontage of each of the properties, but may not be representative of the properties current condition, since many of the structures have continued to be improved after they were taken. The corporate owned properties in the portfolio shall be sold in ("AS IS" condition) Several of the properties are contiguous and together account for large blocks of real estate. As such, buyers should take into account there-development potential of the portfolio, as well as the potential highest an best use of each lot.


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