Price: $415,000
Location: Reno, NV
Industry: Property Management
Listing ID: 1843819
Listing Status: Sold
Real Estate Professionals (current AND future!), here is an opportunity to acquire and grow a recurring income stream through ownership of a profitable property management company in the rapidly expanding Northern Nevada Real Estate Market. A strong focus on technology and process development has made the company leaner and simply perform better over time. Put your sales and management skills to use by helping landlords protect and grow the value of their income properties. This business is pre-qualified for a Small Business Administration Loan (SBA 7A). A buyer could secure with business with as little as 10% down. Seller is prepared to finance a portion of the purchase. Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students?and is just a half hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it?s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Total Sales: $543,119
Cash Flow: $131,992
FFE: $10,000