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Property Management Brokerage For Sale By Owner

Location  Indianapolis, Indiana, United States
Asking Price Range  < $250K
Gross Revenues  $210000
Net Profit / Cash Flow  $85000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2012
Number of Employees  1 - 3
Inventory  5000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Owner will provide training for 60 days
Reason for Sale  Reinvesting funds into another business

UPDATED 10/28/2013- Currently managing 80+ residential properties in Indianapolis. The investors that own these properties are buying 3-5 more every month. We are currently assisting in the purchase, rehab, occupancy, and management of every property. There are 3 strong revenue streams (Management, Sales, and Rehab) 1 Full time property manager, 1 full time maintenance technicians, 1 part time leasing agent currently. You do not need an Indiana Real Estate License to operate this business but it will help if you choose to assist these investors with purchasing and selling their properties. I have been flipping properties to these investors successfully for the past 12 months with margins of $4k-$10k on each flip. We are currently at 85% occupancy and have 14 units that we are rehabbing on an apartment building. 2012 Net Income was over $85,000 2013 Projected Net Income is over $85,000 Asking $85,000 - No owner financing available There are not a lot of assets with this business (signs, lockbox's, small tools, door locks, shirts, etc) Operating costs are very low (Office space is $400 per month and includes internet). Phone line ($29/month), E-Fax Service($9/month), Website, Management Software($100/month), and gasoline are your biggest expenses. Call Thomas Wright 317-428-8076

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