Address Not Published

    Costa Mesa, CA 92627
    • $295,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: SW18183073
    UPDATED: 41 min ago
    $295,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Property management Business for Sale. 103 units total currently managed with room for massive growth. This is a highly profitable business with nearly zero expenses. Perfect for a Broker who wants guaranteed income every month. $9,995.66 actual gross income per month. $5,694.93 actual current net income including payment of one independent contractor who runs the business. Keep the independent contractor and have a hands off $5,694 per month or manage the business yourself and net over $9,000 per month. The business consists of managing residential rental properties most in nice areas, coordinating maintenance, preparing properties for lease (auto Showings), collecting rents (automated), and emailing monthly accounting to owners. In addition to the management income, the business generates frequent real estate sales commissions from the owners of the rental properties (not included in the listed income)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T16:31:54.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.californiarealtyexperts.com/homes/86082484

    Address Not Published Costa Mesa, CA 92627

    • Price: $295,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: SW18183073
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    C5 - East Costa Mesa
    County:
    Orange
    Area:
    C5 - East Costa Mesa
    Property Description
    Property management Business for Sale. 103 units total currently managed with room for massive growth. This is a highly profitable business with nearly zero expenses. Perfect for a Broker who wants guaranteed income every month. $9,995.66 actual gross income per month. $5,694.93 actual current net income including payment of one independent contractor who runs the business. Keep the independent contractor and have a hands off $5,694 per month or manage the business yourself and net over $9,000 per month. The business consists of managing residential rental properties most in nice areas, coordinating maintenance, preparing properties for lease (auto Showings), collecting rents (automated), and emailing monthly accounting to owners. In addition to the management income, the business generates frequent real estate sales commissions from the owners of the rental properties (not included in the listed income)
    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Business Type Real Estate Country Us Gross Operating Income 119947.92 Leasable Area Units Square Feet Net Profit 116498 Number Of Full Time Employees 1 Number Of Part Time Employees 0 Operating Expense 3449.28 Year Established 2005

    Listing provided courtesy of Ryan Schneider of Alluvium Property Management.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T16:31:54.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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