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Turn-Key Student Housing Rental
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $240000
Net Profit / Cash Flow $152000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 1 - 3
Inventory 4300000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training All Training, systems and materials provided.
Reason for Sale Divesting business.
Description Student housing rental business for sale. Turn-key business built in San Luis Obispo, CA over the past five years is offered for sale by family owners. Solid business investment for family or investment group looking for strong return and good cash flow, secured by premium real estate. High-end student housing near the Cal Poly campus is in critically short supply. This business offers five high quality properties close to campus. All properties are large 5 or 6 bedroom homes - built or reconfigured to maximize rental income and totally renovated within the past 6 months. All properties are rented for the 2006-07 school year. These are premium properties that generate some of the highest rents in the market, with waiting lists from student groups year after year. Annual rental income of $240,000 with cash flow of $152,000.
Turn-key investment includes:
- 5 high-end properties (all renovated in 2006).
- Interactive web site (calpolyhousing.com).
- Complete business plan.
- All marketing tools.
- All business records.
- All forms and procedures.
Separate arrangements can be made with current property manager to continue managing, maintaining and renting properties, which can make this a truly turn-key business for an out-of-area investment group.
SERIOUS INVESTORS/GROUPS ONLY. Sale by family owners. Offered at $4,565,000. Contact for pictures and more information on this Student Housing Rental business for sale.
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