Real Estate Related|Property Management for Sale in Beachside, Daytona Beach, Florida

Reference #:	41450110
Location:	Beachside, Daytona Beach, Florida
Price:	$4,500,000
Amount Down:	$4,000,000
Revenues:	$587,417
Discretionary Earnings:	$366,042
Total Assets:	$4,500,000
Business Description:	This property management company owns and leases multi-family properties on Daytona Beach. Included in the sale is a real estate portfolio of 45 single-family and multi-family houses as well as town homes with an investment value in excess of $4,000,000 based on a 10% cap rate and a $5,646,000 tax assessment value. Based on the most recent bank appraisals, the list price is 40 cents on the dollar! The opportunity is being offered under a short sale process. Seller will finance $500,000 of equity in business.
Contact Us About This Business For Sale 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.