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Property Management with 92 units for Sale in Austin Tx

Reference #: 41180550
Location: Austin Tx
Price: $150,000
Amount Down: $150,000
Revenues: $69,085
Discretionary Earnings: $59,065
Total Assets: $0
Business Description:  Here is a great opportunity to enter the property management business with a solid portfolio of 92 units, 85 of which are in the immediate Austin area.   The properties are owned by 31 investors and include 14 single family homes, 55 duplex units, and 14 fourplex units.   The majority of properties have been under management for more than 3 years and most of the properties are very well maintained and are often the nicest one on the street.    The business is absentee run and provides a fantastic opportunity for growth.  The business subcontracts all leasing and does not charge for lease renewals or administration of repairs.   

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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.