Business For Sale Daytona Beach Ad:990225

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$18,980,900

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Business
For Sale
Daytona Beach
United States

Real Estate Investment Portfolio Available Massive income Potential

**Property Summary**
This portfolio includes Single-Family Homes (SFHs), multi-family
residences, and commercial properties.

**Business Summary**
The business focuses on property management and real estate
inventory. (To expedite the process, please provide proof of funds when
requesting information on this portfolio. The portfolio will be sold on a
cash-only basis and in an `As Is` condition. Conventional financing is
not applicable for this portfolio.)

**Executive Summary**
The business and property portfolio, owned by a Florida corporation
(the `Seller`), includes properties located two blocks from the ocean.
The Seller has been renovating all properties over the years. This
portfolio offers a positive cash flow when rented.

**Investment Company**
This company specializes in renting various types of properties,
including homes, condos, apartments, and commercial properties, to
residents in the Daytona Beach area. The Selling Memorandum
contains information about the business, relevant aspects of Daytona
Beach for investors, and details of the sale process.

**Property Management Firm and Property Portfolio**
Ownership: 100% by a Florida Corporation
Property Portfolio: The portfolio includes:
- Multi-family homes in Daytona Beach (Beachside)
- Single-family homes in Daytona Beach (Beachside)
- Vacant lots
- Commercial properties in Daytona Beach

**Key Highlights**
- High occupancy rate during peak times across multi-family, single-
family, and condo properties
- Significant redevelopment opportunities for many properties
- Real estate holdings have been professionally appraised

**Brief History & Services**
Founded by its owner in 1997, the business started with 2-3 rental
properties and now manages close to 100 units. The company`s
greatest achievement is its growth over the last twenty years, both in
terms of rental units and profit. The business offers rentals across its
investment properties in the Daytona Beach area, including single and
multi-family homes, apartments, condos, and commercial units. All
rentals are based on annual leases. Any unrented property is always
advertised as available, and the services offered are not seasonal.

**Organization**
The business office is staffed by the owner, one full-time employee, and
two part-time employees. The maintenance staff includes two full-time,
on-call employees. The business fosters a safe and comfortable work
environment, which contributes to positive relationships with tenants
and potential clients.

**Real Estate**
The real estate is owned and included in the asking price.

**Competition**
Purchasing the portfolio in cash can increase profits and cash flow. The
competition is minimal as others do not own real estate.

**Growth & Expansion**
There is significant growth potential in Florida as rental prices are rising
rapidly.

**Financing**
The owner will finance $1 million with a full-price offer.
Attached Documents

Detailed Information:

Location:Daytona Beach, FLReal Estate:OwnedIncluded in asking
priceBuilding SF:N/AFacilities:Multi-Family Building Status: Established
Current Property Expenses:
Full office location in the center of all the real estate owned Location
Description: Located on a Peninsula between the ocean and
Intercoastal in and near the Daytona beach area Current and Prior Use:
Single family homes, commercial , multi family, full Redevelopment
locations for building new Construction 1 block from the Atlantic ocean.
(Home Based)Competition:Last updated January 3, 2024 on Zillow
Market Summary The median rent for 3 bedroom houses in Daytona
Beach, FL is $2,165. Median Rent $2,165 Month-Over-Month Change -
$125 Year-Over-Year Change -$135 Avg. Days On Market 64 Available
Rentals 43 Source: Zillow Rentals DataGrowth & Expansion: -(Phone number)-
Rental Values Price Lower Price Mean Price Upper $76,899.00
$94,676.00 $112,070.00 FSD (forecast standard deviation)
7.6737951Financing:OWNER WILL FINANCE $ 1 MILLION WITH FULL
PRICE OFFERSupport & Training:TBDReason for Selling:Owner will be
RelocatingHome-Based:This business is Home-Based

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